Anthropic Seeks $900B Valuation as AI Funding Wars Intensify

Anthropic is in talks with investors to raise funding at a $900 billion valuation, which would make it more valuable than OpenAI’s current $850 billion mark, according to CNBC. The Claude maker said earlier this month that its business reached $30 billion in annualized revenue.

The potential funding round highlights the escalating competition among AI companies for capital and market position. While Anthropic pursues its record-breaking valuation, other AI startups are securing significant investments across enterprise applications, from customer service to legal tech.

Enterprise AI Attracts Major Corporate Investment

Customer service AI startup Netomi raised $110 million in a round led by Accenture Ventures, with participation from Adobe Ventures, WndrCo, Silver Lake Waterman, NAVER Ventures, Metis Strategy, and Fin Capital. Jeffrey Katzenberg, managing partner of WndrCo and DreamWorks co-founder, joined the company’s board.

The San Francisco-based startup builds AI systems for enterprise customer service and counts OpenAI co-founder Greg Brockman, Google DeepMind co-founder Demis Hassabis, and Microsoft AI CEO Mustafa Suleyman among its early backers.

Netomi competes in a crowded market where Sierra, led by former Salesforce co-CEO Bret Taylor, raised $350 million at a $10 billion valuation in September 2025 and has made three acquisitions in 2026 alone.

Legal AI Battle Heats Up with NVIDIA Investment

Legal AI startup Legora reached a $5.6 billion post-money valuation after a $50 million Series D extension, according to TechCrunch. NVIDIA Ventures made its first legal AI investment by joining the round alongside Atlassian and other new financial investors.

The Swedish-born Y Combinator alum crossed $100 million in annual recurring revenue and serves more than 1,000 law firms and in-house legal teams across 50 markets. Major clients include Bird & Bird, Cleary Gottlieb, and Linklaters.

Legora’s valuation remains below competitor Harvey, which reached $11 billion last month when Sequoia tripled down on its investment. Harvey claims 100,000 lawyers across 1,300 organizations as customers, including global law firms like Hengeler Mueller and Latham & Watkins, plus corporate legal teams at T-Mobile and Bridgewater.

SoftBank Plans $100B AI and Robotics Spinout

SoftBank is considering a $100 billion valuation for a new AI and robotics spinout in a potential U.S. IPO, the Financial Times reported. The new entity would focus on building data centers and using robotics to improve AI infrastructure construction efficiency.

Founder Masayoshi Son has committed tens of billions of dollars to the AI sector in recent years, reflecting his growing appetite for AI investments. The potential spinout would represent one of the largest AI-focused public offerings if it proceeds.

Platform Expansion Beyond Core AI Services

Uber CEO Dara Khosrowshahi discussed the company’s expansion into a broader travel platform during The Verge’s Decoder podcast. The ride-hailing giant now offers hotel booking through an Expedia partnership and new services like in-car coffee and personal shopping.

Khosrowshahi addressed concerns about AI chatbots potentially booking rides directly, suggesting Uber sees opportunities in AI partnerships rather than threats. The company is positioning itself as an “everything app” for travel and transportation needs.

What This Means

The funding activity signals a maturing AI market where enterprise applications are attracting significant corporate venture capital. Accenture and Adobe’s investment in Netomi, plus NVIDIA’s first legal AI bet on Legora, show established tech companies are backing AI startups that solve specific business problems.

Anthropic’s pursuit of a $900 billion valuation would represent the highest AI company valuation to date, surpassing OpenAI and reflecting the intense competition for market leadership. The company’s $30 billion in annualized revenue provides some justification for the premium, though the final terms remain under negotiation.

SoftBank’s potential $100 billion AI spinout indicates continued appetite for large-scale AI infrastructure investments, particularly in robotics and data center construction. These moves suggest the AI funding boom is expanding beyond software into hardware and infrastructure plays.

FAQ

What makes Anthropic worth $900 billion?
Anthropic reported $30 billion in annualized revenue earlier this month, and the proposed valuation would value the company at 30x revenue. The premium reflects investor confidence in Claude’s competitive position against OpenAI’s GPT models and the broader AI market opportunity.

How does the legal AI market compare between Legora and Harvey?
Harvey leads with an $11 billion valuation and 100,000 lawyer users across 1,300 organizations, while Legora reached $5.6 billion and serves 1,000+ law firms across 50 markets. Both companies have secured major law firm clients and are growing rapidly in the enterprise legal sector.

Why are corporate VCs investing heavily in enterprise AI startups?
Companies like Accenture, Adobe, and NVIDIA are investing in AI startups that solve specific business problems for their existing customer bases. These strategic investments provide portfolio companies with enterprise sales channels while giving investors exposure to high-growth AI applications.