Anthropic reportedly closes funding round at $965 billion valuation, eyes IPO

Anthropic has reportedly closed a new financing round that values the AI company at roughly $965 billion, a figure that — if confirmed — would put it ahead of rival OpenAI on paper and rank it among the most valuable privately funded technology companies in the world. Alongside the funding news, multiple reports indicate Anthropic has confidentially filed paperwork that could pave the way toward a future initial public offering, though the company has not laid out a public timeline for when, or whether, it would actually proceed to list its shares. The eye-catching valuation reflects how aggressively investors are still pricing in the long-term potential of foundation-model companies, even as questions persist across the industry about the sustainability of the enormous computing costs behind training and running large models like Anthropic's Claude family. Separately, Anthropic confirmed it is expanding Project Glasswing, an internal initiative the company has described in broad terms as part of its ongoing AI safety and capability research, though it has shared few specifics publicly. Taken together, the funding milestone and the IPO groundwork suggest Anthropic is positioning itself for a far larger public profile over the next year, at a moment when competition for AI talent, chips and enterprise customers keeps getting more expensive — and more public.