AXIOS (Madison Mills) - Anthropic overtakes OpenAI as the most valuable AI startup
Anthropic raised $65 billion in a Series H funding round, valuing the AI lab at $965 billion post-money, in one of the largest private funding rounds in tech history. Why it matters: With the round, Anthropic leapfrogs OpenAI, which was most recently valued at $730 billion. Driving the news: The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. - The company said the funding will support safety and interpretability research, expand compute capacity and scale Claude products and partnerships. - Anthropic said its run-rate revenue crossed $47 billion earlier this month. Zoom in: The round includes $15 billion of previously committed hyperscaler investments, including $5 billion from Amazon. - Infrastructure…