Anthropic makes the AI that will help you plan your vacation, debug your code, and write a nice email to your landlord. It draws the line at helping you do anything actually dangerous, which is less fun but apparently worth $965 billion.
The company raised $65 billion this week in a Series H round led by Sequoia, Altimeter, Dragoneer, and Greenoaks. Amazon put in another $15 billion on top of what it's already committed. The post-money valuation: $965 billion.
The pitch isn't about chatbots. Investors are betting that the next wave isn't AI that helps you work faster β it's agents that do the work while you're at lunch. Anthropic's unreleased Mythos Preview model apparently showed enough of a leap in coding and long-running tasks to convince a lot of people to write a lot of very large checks.
Whether $965 billion holds is a different question. Builders in our community see it as a green light: if agents are the real next thing, now is the time to build on Claude. The skeptics have a specific concern: the bubble bursts if the cost to serve doesn't come down. Open-source models are closing the gap. A near-trillion valuation bets that they don't get all the way there.