Anthropic tops OpenAI as world's most valuable AI start-up at US$965B
Anthropic, the maker of the Claude AI assistant, has been valued at US$965 billion in its latest financing round, surpassing rival OpenAI as the world's most valuable AI start-up, Straits Times Business reported.
Straits Times BusinessAccording to Straits Times Business, Anthropic — the maker of the Claude AI assistant — has been valued at about US$965 billion in its latest financing round, surpassing rival OpenAI to become the world's most valuable AI start-up. The level is roughly triple the company's valuation a year ago, with growth driven by enterprise API revenue and rapid adoption of large-language-model products.
Amazon is among Anthropic's large strategic investors and Google has also taken an equity stake. The company's annualised recurring revenue grew sharply through late 2025, according to industry analysts. Bloomberg Intelligence senior analyst Mandeep Singh said the valuation represents 'one of the most aggressive pricings in the sector'.
For investors, Anthropic's private-market valuation sets a new reference point for AI capex multiples applied to Nasdaq giants such as Nvidia, Microsoft and Alphabet. This commentary is not investment advice and is based solely on Straits Times Business reporting; consult a licensed adviser before any action.
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