OpenAI and Anthropic pursue near-trillion valuations amid funding and IPO speculation
OpenAI is exploring a public offering near a $1 trillion valuation despite recording multibillion-dollar annual losses. The company recently closed a private round that pushed its post-money valuation above $850 billion. Anthropic has also drawn significant private interest. Venture capitalists offered preemptive rounds valuing the firm at $800 billion or more. Anthropic has declined these offers for now while focusing on rapid growth.
Both companies show high revenue growth and heavy capital needs. Anthropic revenue rose to about $30 billion by the end of March, up from $9 billion at the end of 2025. The firm committed tens of billions to data centers and cloud contracts. For you as an investor, the key questions involve the path to profit and future dilution from new funding. You should also consider which public suppliers and cloud partners will capture the near-term cash flows from this AI scale-up.
Key Takeaways
- OpenAI is reportedly considering an IPO approaching a $1 trillion valuation while still posting multibillion-dollar annual losses.techcrunch.com
- Anthropic has received VC offers valuing it at $800 billion or more but has declined those offers so far.facebook.com
- Anthropic’s reported revenue rose to about $30 billion by the end of March, up from $9 billion at the end of 2025, and it has committed large sums to data center and cloud spending.facebook.com
- OpenAI closed a private round in February that implied an $852 billion post-money valuation after a $110 billion raise.facebook.com
Affected Companies
Sources
Anthropic shrugs off VC funding offers valuing it at $800B+, for now
TechCrunch
“Reported that VCs have offered Anthropic preemptive rounds valuing it at $800 billion or more, and that Anthropic has declined those offers while reporting rapid revenue growth and large capital commitments.”
OpenAI Explores Potential Public Offering at a Staggering One Trillion Dollar Valuation
StockSharks
“Reported that OpenAI could go public at close to $1 trillion while still losing billions every year.”