Anthropic has successfully closed a $30 billion funding round, positioning itself as the second-largest private tech fundraising round in history, following OpenAI's $40 billion round last year. This new round values Anthropic at $380 billion, more than double its valuation from September. The company, known for its AI model Claude, is competing aggressively with OpenAI and Google, which is planning to spend up to $185 billion on capital expenditures in 2026. The funding was led by Coatue and Singapore's GIC, with additional support from D.E. Shaw Ventures and others. This round includes investments from Microsoft and Nvidia, which previously announced commitments of $5 billion and $10 billion, respectively. Anthropic's revenue has surged to an annualized $14 billion, up from approximately $10 billion last year, largely due to its focus on enterprise clients. About 80% of its business comes from enterprises, with its AI coding tool, Claude Code, generating $2.5 billion in annualized revenue. The increasing demand for Anthropic's products, including Claude Code and Claude Cowork, reflects a broader trend where businesses are leaning heavily on AI solutions. However, this shift has contributed to significant declines in software stock valuations, with the sector losing around $2 trillion in market cap. Meanwhile, OpenAI continues to enhance its own offerings, recently launching GPT‑5.3-Codex, in response to the competitive landscape.