In the ultimate showdown in the field of artificial intelligence, OpenAI, which has long been at the forefront, now faces its strongest challenge. According to the latest on-chain Pre-IPO transaction data, Anthropic's implied valuation has soared to $1.2 trillion (approximately 8.7 trillion yuan). This figure not only marks the company's official surpassing of OpenAI but also indicates that its valuation is about 20% higher than that of OpenAI, making it the new leader in the global AI race.
If Anthropic can successfully complete its initial public offering (IPO) at this valuation, it will set a new record in business history and directly rank among the top 11 largest listed companies in the world. At that time, its ranking will come right after tech giants like Apple, Microsoft, and NVIDIA, as well as energy giants like Saudi Aramco.
Vertical Growth in the Capital Market: A 20% Surge in Seven Days
Anthropic's recent growth trend can be described as "vertical takeoff." Data shows that within just one week, its valuation increased by 20%, and the value added in a single week is sufficient to match the total market capitalization of a top-tier listed company. Looking back to October 2025, the company's valuation had grown by 900% over more than six months, an expansion rate rarely seen in the history of technological development.
Just three weeks ago, Anthropic's valuation was around $900 billion, and within twenty days, it crossed the trillion-dollar threshold. This explosive growth not only reflects the capital market's recognition of Anthropic's technical strength but also reveals the strong expectations of global investors for the future power shift in the AI industry.
Focus on the B-End Market: The Rise of the Second Favourite
For a long time, Anthropic was seen as the "second favorite" under OpenAI's shadow, but this competitive landscape is undergoing a fundamental change. Analysts point out that Anthropic's valuation surpassing OpenAI is closely related to its solid performance in the enterprise market (ToB). Currently, the majority of Fortune 500 companies have become users of Anthropic, and this solid commercialization capability provides strong support for its valuation.
