Anthropic Valuation Hits $965 Billion as Cloudflare Cuts 1,100 Jobs
Anthropic has reached a post-money valuation of $965 billion after raising $65 billion from investors, leapfrogging rival OpenAI. This surge more than doubles the company's value since February 2026 as both firms prepare for potential initial public offerings this year. Meanwhile, Cloudflare is laying off approximately 1,100 employees, roughly a fifth of its workforce. CEO Matthew Prince stated the cuts are part of an AI-led restructuring rather than weak business conditions, though the move follows a Q2 sales forecast that missed analyst expectations.
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Anthropic's post-money valuation has reached US$965 billion after its newest funding round, more than doubling its value since February 2026 and putting it past its rival ChatGPT as the two aim to reach IPO status this year. The article requires paid subscription. Subscribe Now ... Select premium stories & daily editor picks. Leverage AI summaries for instant insights. Receive tech briefings & newsletters...
Cloudfare issued a Q2 sales forecast on Thursday that fell short of analyst expectations and said it would slash roughly 1,100 jobs, or about a fifth of its workforce, as it adopts artificial intelligence tools in its operating model.
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