Anthropic is finalising a $30B fundraising round at a $900B valuation, surpassing OpenAI's $852B mark. Q1 2026 revenue is up roughly 80× year-over-year and ARR has crossed $44B, with the number of customers spending more than $1M per year doubling to over 1,000 in two months. The capital is earmarked for compute — multi-year AWS and Google Cloud commitments through 2027. Named institutional clients now include PwC, Blackstone, Goldman Sachs, Hellman & Friedman, and the Gates Foundation.