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- Anthropic now in talks to raise $20B, up from $10B, at $350B valuation, led by GIC and Coatue
Anthropic now in talks to raise $20B, up from $10B, at $350B valuation, led by GIC and Coatue
Bay Area Times
January 28, 2026
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Top stories today:
- Anthropic now in talks to raise $20B, up from $10B, at $350B valuation
- Fed seen holding rates as political pressure on Powell grows
- OpenAI said to seek up to $30B more from SoftBank
- UnitedHealth, Humana hit as Medicare holds line on 2027 payments
- Altman tells OpenAI staff ICE actions “go too far”
- Samsung’s TriFold to debut in U.S. Jan. 30 at $2,899
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Anthropic now in talks to raise $20B, up from $10B, at $350B valuation, led by GIC and Coatue
Investor interest 5-6x the original target.
Another $15B from Microsoft and NVIDIA could also happen.
Anthropic is said to lift its revenue forecast to $18B in 2026, $148B by 2029
Anthropic is expecting its gross margins to rise to ~63% in 2026 and ~70% in 2027, up from ~40% in 2025
~$7B in inference costs is projected for 2026 and ~$16B for 2027, up 36% and 71% from prior forecasts.
Anthropic is also targeting EBITDA-positive for 2028 with ~$6B in EBITDA and ~$2.2B in positive cash flow
2. Fed seen holding rates as political pressure on Powell grows
3.50%-3.75% is the target range for Federal Reserve officials.
3 straight cuts have occurred since Sep. 2025.
2:30 p.m. ET: Fed Chair Powell speaks at the FOMC press conference after the meeting.
Powell’s 1st press conference since grand jury subpoenas were served to the Fed.
Trump is weighing 4 Fed chair finalists but is struggling to find someone who will both cut rates and retain market credibility.
Broad policymaker support for holding rates steady is expected.
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4. OpenAI said to seek up to $30B more from SoftBank
OpenAI is reportedly raising up to $100B, implying a valuation of up to $830B:
