Anthropic is asking investors to submit allocation requests for its latest funding round within 48 hours, sources say. The round, expected to raise roughly $50 billion, could close in as little as two weeks and value the AI company at $900 billion or more.
Strong investor demand may push the valuation even higher, though some early backers are sitting out in hopes of a bigger payday during Anthropic's expected IPO later this year. The company is likely raising its last private capital before going public, using the funds to fuel massive computing needs.
Anthropic earlier this month reported an annualized revenue run rate exceeding $30 billion. The company declined to comment on the fundraise.