Seems pretty clear Claude is winning this AI race
Anthropic’s valuation now hovers at around $1 trillion on Forge Global, a leading private marketplace exchange, its CEO Kelly Rodriques told Business Insider. OpenAI’s valuation on the platform is $880 billion, a slight uptick from its March funding round.
Since Anthropic and OpenAI are not yet public companies, the vast majority of investors are forced to buy via secondary markets, with existing stock in the companies sold by current or former employees or early investors. Neither company responded to a request for comment.
One Anthropic shareholder recently offered to unload shares at a $1.15 trillion valuation, according to Ken Sawyer, cofounder and managing partner at Saints Capital, a venture secondary firm.
A “very well known growth fund” offered to buy Anthropic shares at a $1.05 trillion valuation, Jesse Leimgruber, founder of OpenHome, posted on X this week.
“Absolutely wild,” he said.
Some interested buyers have gotten more creative, offering to sell their home in exchange for Anthropic shares at a valuation above $800 billion.
When the bubble finally bursts it’s gonna be a doozy.
Or it’s not going to happen. Name 3 bubble bursts since 2008. I think we’re passed major financial bubbles in general and now the market just suffers by bleeding out the vulnerable in silence. There are no more dramatic bubble bursts.
A trillion valuation implies an average $350bn revenue per year over the next 20 years (20% margin, 8% discount rate).
Antrhopic current ARR is $30bn so 100bn is not a crazy valuation. But 1000bn is.
Your calculation implies that anyone is still looking at fundamentals when evaluating a stock.
Agreed.
Also the 20% margin assumption is probably -20% with training and energy demands. Which values the company at $-100bn