From OpenAI Spinoff to AI’s Highest Valuation
Anthropic’s rapid rise refers to the transformation of a safety-focused OpenAI spinoff into the world’s most valuable AI company, driven by Claude AI adoption, enterprise AI growth, and unprecedented AI company funding that together reshaped expectations for how quickly advanced model providers can scale revenue and valuation. Founded by former OpenAI researchers, including CEO Dario Amodei, Anthropic spent its early years in the shadow of its former parent while OpenAI dominated public attention with ChatGPT and consumer tools. That balance has flipped. According to Technology.org, Anthropic’s latest Series H round raised USD 65 billion (approx. RM299.5 billion) and set a USD 965 billion (approx. RM4.45 trillion) valuation, overtaking OpenAI’s USD 852 billion (approx. RM3.92 trillion) figure from March. The funding signals investors now view Anthropic as the reference point for large-scale enterprise AI, not a niche alternative.
Revenue Run-Rate: The Fastest-Scaling Software Business?
Anthropic’s valuation is anchored in a revenue curve that has surprised even optimistic observers. OfficeChai reports that Anthropic’s annualized revenue run-rate has now reached USD 47 billion (approx. RM216.2 billion), up from USD 14 billion (approx. RM64.4 billion) around its Series G at a USD 380 billion (approx. RM1.75 trillion) valuation. Earlier reporting from the same outlet showed Anthropic at a USD 45 billion (approx. RM207.0 billion) run-rate versus OpenAI’s USD 30 billion (approx. RM138.0 billion), meaning Anthropic is generating around 35% more revenue than its rival. This growth has come within a few years of near-zero revenue, and OfficeChai describes Anthropic as "what is likely the fastest scaling software business in history." With revenue growing roughly 10x annually compared with OpenAI’s 3x, the gap in growth speed now matters as much as absolute size.
Claude AI Adoption and the Enterprise Engine
Claude AI adoption among large companies is the core engine behind Anthropic’s numbers. OfficeChai notes that eight of the Fortune 10 now count as Claude customers, and the number of businesses spending over USD 1 million (approx. RM4.6 million) annually has climbed from a dozen to more than 1,000. Customers paying above USD 100,000 (approx. RM460,000) per year have grown 7x in the last year. Ramp data tracking payments across more than 50,000 businesses shows Anthropic’s share of combined OpenAI–Anthropic business spend rising from roughly 10% at the start of 2025 to over 65% by February 2026. While OpenAI won the early consumer wave, Anthropic concentrated on enterprise AI growth: coding assistants like Claude Code, reliable API performance, and contract-heavy deployments that fit into existing workflows. That quiet enterprise focus is now reflected in both revenue and valuation.
Strategic Funding, Compute Deals, and IPO Pressure
The surge in Anthropic valuation stems not only from revenue but from how investors expect it to convert Claude AI adoption into long-term dominance. The USD 65 billion (approx. RM299.5 billion) Series H was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, with Technology.org highlighting additional backers such as Capital Group, Coatue, GIC, and major asset managers. WinBuzzer notes that the package folds in USD 15 billion (approx. RM69.0 billion) of earlier hyperscaler commitments, including USD 5 billion (approx. RM23.0 billion) from Amazon, tying the raise directly to cloud and chip capacity. New compute deals with Amazon, Google, Broadcom, SpaceX, and memory suppliers Micron, Samsung, and SK hynix are meant to ease Claude’s usage caps. With both Anthropic and OpenAI preparing for possible IPOs, access to hardware and capital is becoming as decisive as model quality.
What Anthropic’s Lead Means for the AI Market
Anthropic’s move ahead of OpenAI resets how the market thinks about AI company funding and business models. WinBuzzer points out that investors now price Anthropic "among AI’s richest developers, not simply as another fast-growing model vendor," reflecting confidence that enterprise contracts will keep compounding. Philosophically, OfficeChai contrasts OpenAI’s consumer-first push with Anthropic’s focus on safety, reliability, and business workflows. That divergence has real commercial effects: Claude’s traction with developers and large customers has redrawn the demand map in favor of enterprise AI growth. Technology.org reports that Anthropic is already laying IPO groundwork, as is OpenAI, with both needing public-market capital to pay for ever-larger training runs and deployments. For now, the combination of USD 47 billion (approx. RM216.2 billion) in run-rate revenue and near-trillion valuation makes Anthropic the company to beat in advanced AI.