Anthropic overtakes OpenAI as the most valuable AI startup

Anthropic raised $65 billion in a Series H funding round, achieving a $965 billion valuation and surpassing OpenAI's $730 billion valuation. The funding, led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, includes $15 billion in prior hyperscaler commitments, with Amazon contributing $5 billion. Anthropic plans to use the funds for safety research, compute expansion, and scaling its Claude products.