Anthropic Eyes $900 Billion Valuation as Quarterly Revenue Doubles | PYMNTS.com

By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

The artificial intelligence startup could close the round as soon as this week, though commitments are still being finalized, and the terms could change, according to the report.

Anthropic did not immediately reply to PYMNTS' request for comment.

According to the Bloomberg report, Anthropic expects to more than double its quarterly revenue to $10.9 billion in the second quarter. The company also expects its annualized run rate revenue to top $50 billion by the end of June, per the report.

Anthropic was valued at $380 billion in a February Series G funding round in which it raised $30 billion. That figure was up from the $183 billion valuation in achieved in a September Series F round in which it raised $13 billion.

It was reported April 14 that the company had received offers from investors for a new funding round that could bring its valuation to $800 billion.

Two weeks later, on April 29, it was reported that Anthropic was mulling a new funding round that would value it at more than $900 billion, pushing the company past rival OpenAI to become the most valuable AI startup in the world.

On May 7, it was reported that Anthropic was weighing a funding round in which it would raise as much as $50 billion and be valued at $900 billion. That report said that the company was fielding inbound investment offers and that potential investors were "ready to throw any dollar amount at Anthropic."

It was reported April 19 that Andrej Karpathy, a founding member of OpenAI and head of AI at Tesla, joined Anthropic, marking one of the highest-profile talent moves yet in the competition among frontier AI labs for elite research talent.

On May 21, it was reported that Anthropic expanded its enterprise AI strategy through the first acquisition tied to its newly launched consulting venture, selecting San Francisco-based Fractional AI as the operational foundation of the business. The new venture is designed to help midsize companies adopt generative AI tools, specifically Anthropic's Claude models.