Investors Float Deal Valuing Anthropic at More Than $100 Billion

As Anthropic’s sale of artificial intelligence has surged, the company has told investors some of its profit-related metrics are improving even as it burns a tremendous amount of cash.

That financial performance has prompted some investors to indicate interest in funding Anthropic at a valuation of more than $100 billion if the company decides to pursue a deal, compared to a $58 billion valuation in a financing announced four months ago, according to two people involved in the discussions. The company raised $3.5 billion in equity financing in March but previously told some investors it planned to raise $5.5 billion in total this year, and it recently let some investors see part of its financial performance, one of these people said.

In another piece of good news, Anthropic hired back two former leaders of its coding product who had  joined Anysphere, a rival that operates the Cursor coding app, just two weeks ago.