Anthropic Soars to $1.2T Valuation, Overtakes OpenAI

Shares in Anthropic are now trading on secondary markets at an implied valuation of $1.2 trillion. This marks a 550% surge in about one year, pushing the company past rival OpenAI, whose shares trade at approximately $908 billion on the same platforms. What's interesting is that almost nobody is selling, making this a highly illiquid market. This $1.2 trillion figure reflects a significant demand-to-supply imbalance. This shift reverses the previous AI valuation hierarchy, where OpenAI was consistently first. CEOs of trading platforms confirm shares are changing hands at this level, calling Anthropic "the most sought-after company the venture secondary market has ever seen." The bottom line is that while this valuation is impressive, the scarcity of shares means most retail investors cannot act on this number.