How much is Anthropic worth, and how does that compare to OpenAI?
Anthropic was valued at $965 billion in its May 2026 Series H round, which raised $65 billion. That figure puts Anthropic ahead of OpenAI's reported $852 billion valuation for the first time, even as OpenAI — which once eyed a fall 2026 listing — has pushed its own IPO timeline to 2027.
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Anthropic Is Racing OpenAI to Go Public — and Betting the Real Money Is in Deployment, Not ModelsAnthropic started IPO investor meetings for an October listing at $965B, while its Ode venture bets deployment beats models.
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