In this article

Anthropic is zeroing in on a $1trillion valuation after another successful funding round — but investor demand for AI companies is just getting started, according to Wedbush Securities analyst Dan Ives.

Ives told CNBC’s “Squawk Box Europe” on Friday that “for the first time in 30 years, the U.S. is ahead of China” on technology.

He said that Anthropic’s latest valuation of $965 billion after securing $65bn in funding on Thursday is “just the tip of the sphere,” and investors should turn their attention to data layer companies, such as Snowflake

, Datadog