Overview

• Discussions target $3 billion to $5 billion in new financing that would nearly triple Anthropic’s March valuation to $170 billion
• Talks include Qatar Investment Authority and Singapore’s GIC alongside Iconiq Capital’s lead participation
• Dario Amodei has reversed his prior refusal of Middle East funds, saying Gulf sovereign backing is now vital for growth
• Annual recurring revenue has surged to about $4 billion this year as customers ramp up use of Anthropic’s Claude models
• Proceeds are expected to fuel additional compute capacity and R&D as Anthropic intensifies competition with OpenAI and other AI rivals