Originally published on AI Tech Connect.
What you need to know The round closed bigger. What was reported as an in-progress raise of roughly $30B at a ~$900B valuation has, per CNBC (28 May 2026), closed as a round of more than ~$65B at a post-money valuation of about $965B. The valuation crown has flipped. At ~$965B, Anthropic now sits ahead of OpenAI, which was valued at about $852B after its record ~$122B raise in late March 2026. This is a repricing of AI capital, not just one company. OpenAI separately filed a confidential draft S-1 with the SEC on 22 May 2026, targeting a public listing around September 2026. Spend is following the valuations. The big four hyperscalers — Microsoft, Amazon, Google and Meta — are projected to spend more than $200B on AI infrastructure in 2026. For builders, the headline number is mostly…