The $65 billion Series H round gives Anthropic an eye-watering $900 billion valuation. That gives the company a higher valuation than OpenAI’s last valuation of $730 billion, according to The New York Times. Anthropic says the funds will go toward advancing safety research, expanding compute, and scaling its products. [Link: Anthropic raises $65B in Series H funding at $965B post-money valuation | https://www.anthropic.com/news/series-h | Anthropic]

OpenAI’s valuation reached $730 billion in March following a massive $122 billion funding round.

Anthropic raised $65 billion in new fund-raising that put its value at $900 billion, ahead of OpenAI’s last valuation of $730 billion, as the companies duel for A.I. dominance.