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- Anthropic said to raise $5B at $170B valuation in new round led by Iconiq Capital
Anthropic said to raise $5B at $170B valuation in new round led by Iconiq Capital
Bay Area Times
July 30, 2025
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Top stories today:
- Anthropic said to raise $5B at $170B in new round led by Iconiq Capital
- Fed expected to hold rates steady for 5th consecutive meeting
- Microsoft nears deal for extended OpenAI tech access
- ChatGPT brings Study Mode amid rising concerns over student AI use
- Figma’s $1.2B IPO said to be 40x oversubscribed
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 said to raise $5B at $170B valuation in new round led by Iconiq Capital
Anthropic’s ARR has 4x’d to ~$4B this year.
The valuation puts Anthropic among the top private tech firms, behind OpenAI ($300B) and SpaceX ($400B).
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3. Fed expected to hold rates steady for 5th consecutive meeting
4.25%-4.5% is the target range for Federal Reserve officials.
Sep.-Dec. 2024: 3 consecutive 25 bps rate cuts happened, then a pause ever since.
2:30 PM ET: Fed Chair Powell speaks at the FOMC’s press conference after the meeting ends.
Powell is likely to face questions about his reading of the latest inflation data.
Christopher Waller and Michelle Bowman may dissent, marking the 1st dual Fed governor dissent in 3 decades
4. Microsoft nears deal for extended OpenAI tech access amid for-profit pivot
Representational image generated using ChatGPT.