MoneyMay 15, 2026via The Decoder
Anthropic's $900 billion valuation would make it more valuable than OpenAI for the first time
Why it matters
Anthropic's $30B raise and $900B valuation represent a fundamental shift in AI market leadership, with the company's revenue growth (5x since end of 2024) now outpacing OpenAI's perceived trajectory. This signals investor confidence in Claude's competitive positioning and challenges the narrative of OpenAI's dominance.
Key signals
- $30 billion funding round (third major raise in ~3 months)
- $900 billion post-money valuation
- Surpasses OpenAI in valuation for first time
- Annualized revenue approaching $45 billion
- 5x revenue growth since end of 2024
The hook
$900B. Anthropic just overtook OpenAI in valuation—and it happened in 3 months.
Anthropic is raising another $30 billion just three months after a round of the same size. The AI lab's valuation jumps to $900 billion, surpassing rival OpenAI for the first time. Fueling the surge: annualized revenue approaching $45 billion, a fivefold increase since the end of 2024.