Anthropic Projected to Surpass OpenAI in Valuation at $900 Billion

Anthropic’s valuation is projected to reach $900 billion, surpassing OpenAI for the first time following a $30 billion funding round announced April 2026, according to The Decoder. The raise marks Anthropic’s second consecutive $30 billion financing in three months, driven by annualized revenue approaching $45 billion — a fivefold increase since 2024.

The potential valuation shift intensifies competition between the two U.S.-based AI pioneers, with implications for investor confidence and market dynamics in the domestic AI sector. Anthropic’s valuation would exceed OpenAI’s for the first time since both companies emerged as leading generative AI developers in 2020.

Anthropic, founded in 2021 by former OpenAI researchers, has focused on safety-critical AI systems while expanding commercial applications. The latest funding comes as both labs vie for dominance in enterprise AI contracts and government partnerships.