US artificial intelligence company Anthropic has raised $65 billion in a funding round, increasing the market value of the firm to $965 billion.
The valuation, equivalent to nearly €830 billion, exceeds that of its rival, OpenAI.
Anthropic is best known for its chatbot, Claude, which is popular among businesses for automating processes.
This latest funding marks a sharp rise in Anthropic’s valuation within three months: in February, its worth was estimated at $380 billion.
For the first time, Anthropic’s valuation surpasses OpenAI, the company behind ChatGPT.
In March, OpenAI concluded a funding round valuing it at $852 billion.
Anthropic, founded in 2021 by ex-OpenAI employees, and OpenAI are both expected to go public later this year.
