Anthropic passes OpenAI in value and lines up an IPO
Claude's maker closed a round valuing it at $965 billion and has filed to go public. The engine? Coding with AI.
The AI race has a new front-runner, at least on investors’ spreadsheets. Anthropic, the company behind Claude, closed a funding round valuing it at $965 billion — ahead of OpenAI — and says it has already filed, confidentially, to go public.
The fuel behind the climb has a very concrete name: coding. Claude Code, the company’s programming assistant, has become one of the most-used tools among people who write software, and that’s a big part of why the firm has shot up.
Why it matters
Even if you’ll never write a line of code, there’s a signal here. AI has stopped being just chatbot chit-chat and become a serious work tool — and the big money is betting on that. Anthropic has also expanded its programme to protect critical infrastructure (water, power, healthcare, telecoms) to roughly 150 organisations across more than 15 countries.
Being worth nearly a trillion dollars is the kind of number that’s hard to picture. But the plain read is this: this tech isn’t the distant future anymore — it’s the present, and it’s reshaping sectors that touch all of us.
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