Techub News reports, citing the Financial Times, that Anthropic is in negotiations to raise up to $500 billion at a valuation of $900 billion. If the deal is reached, it would surpass OpenAI’s $852 billion valuation as of this March. The funding round is expected to be completed within two months, and the board will make a decision this month. The company’s annualized revenue run rate has already exceeded $45 billion, up fivefold from the end of 2025, largely driven by Claude Code and enterprise adoption. Investment firms such as Dragoneer and General Catalyst are actively involved, and this round of financing could be its last pre-IPO private funding.