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  • Anthropic raises $65B at $965B valuation, surpasses OpenAI as revenue run rate tops $47B

May 29, 2026

Anthropic raises $65B at $965B valuation, surpasses OpenAI as revenue run rate tops $47B

Bay Area Times
Bay Area Times
Anthropic raises $65B at $965B valuation, surpasses OpenAI as revenue run rate tops $47B

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Top stories today:

  1. Anthropic raises $65B at $965B valuation, surpasses OpenAI
  2. Claude Opus 4.8 unveiled by Anthropic to take on OpenAI, Google
  3. Dell Q1 FY27 revenue +88% YoY to $43.8B, net income +256%
  4. SpaceX said to target $1.8T+ IPO valuation, down from $2T+ goal
  5. Blue Origin’s New Glenn explosion jeopardizes planned Leo launch

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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 raises $65B at $965B valuation, surpasses OpenAI as revenue run rate tops $47B

  • Greenoaks, Sequoia, Altimeter, and Dragoneer led the round.

  • Samsung, Micron, and SK Hynix are among the new strategic investors.

  • The funding will help Anthropic ā€œserve the historic demandā€ it is experiencing, CFO Krishna Rao said.

  • Anthropic has become the world’s most valuable startup with the funding round.

  • Mar.: OpenAI raised $122B at an $852B post-money valuation.

  • $130B+ has been raised by Anthropic to date.

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3. Claude Opus 4.8 unveiled by Anthropic to take on OpenAI, Google

Claude Opus 4.8 has topped the Artificial Analysis Intelligence Index, ahead of GPT-5.5 and Gemini 3.1 Pro Preview:

X: Artificial Analysis.

  • Costs remain $5/$25 per 1M input/output tokens, unchanged from Opus 4.7, vs. GPT-5.5’s $5/$30 and Gemini 3.1 Pro’s $4/$18.

  • Major gains in scientific and academic reasoning.

  • The model is ā€œmore likely to flag uncertainties about its work and less likely to make unsupported claims,ā€ Anthropic said.

  • Claude Code now supports dynamic workflows with hundreds of parallel subagents.

  • Coming weeks: Anthropic said Mythos-class models will be available to all customers.

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5. Dell Q1 FY27 revenue +88% YoY to $43.8B, net income +256%

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