Anthropic eyes $900B valuation

Summary

Kate Rooney reports that Anthropic is in talks to raise capital at a valuation of up to $900 billion, more than double its last private valuation. The AI startup's revenue run rate has grown to around $35 billion, driven by its cloud code product and cybersecurity model Mythos. The report also notes that both Anthropic and OpenAI are looking to go public as soon as the end of this year, depending on market conditions.

• Anthropic is negotiating a capital raise that could value it at up to $900 billion.
• The potential valuation would more than double Anthropic's last private market valuation.
• Anthropic's revenue run rate is estimated at around $35 billion, up from $10 billion last year.
• Cloud code is the primary revenue driver for Anthropic.
• Anthropic's cybersecurity model Mythos has attracted significant investor interest.
• Anthropic launched Cloud Security for enterprise customers during the report.
• Both Anthropic and OpenAI are reportedly considering IPOs by the end of this year.
• No term sheets have been signed yet for the funding round.