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Anthropic raises another $30B in Series G, with a new value of $380B

Read the full articleAnthropic raises another $30B in Series G, with a new value of $380B on TechCrunch

What Happened

The infusion of funding for the AI startup takes place as it is vying for customers and cultural attention with its competitor, OpenAI.

Our Take

Anthropic just grabbed $30B and hit $380B valuation. That's real money competing with OpenAI's installed base. Here's the thing: Claude Code actually works, and their API's cleaner than OpenAI's. They're not chasing AGI theater—they're shipping products people use.

But valuation math is fantasy. $380B assumes Claude captures 40% of the LLM market. Distribution wins wars, not model quality.

Will they blow this on research and culture? Probably. That's how smart companies die rich.

What To Do

If you're building with Claude's API, lock in pricing now—Anthropic's chasing OpenAI's pricing floor eventually.

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