Anthropic nears $1T valuation on $50B raise as revenue grows fivefold

Per the Financial Times, Anthropic's planned funding round aims to raise up to $50 billion at a valuation near $900 billion. Revenue has grown roughly fivefold year-over-year, fueling investor appetite even as broader skepticism about private AI valuations builds — the same week SoftBank cut an OpenAI-share-backed loan from $10B to $6B.