Anthropic is in early discussions for a funding round that could value the artificial-intelligence company at more than $100 billion, people familiar with the matter told The Information. The prospective deal would sharply lift the firm’s valuation less than a year after Amazon and other backers priced it at about $60 billion, and would expand Amazon’s paper stake to more than $30 billion. The financing overture follows a surge in demand for Anthropic’s Claude family of large-language-model services. The company recently informed investors that its revenue run-rate has reached roughly $4 billion a year—about four times the level at the start of 2025—with gross profit margins near 60 percent and on track to approach 70 percent. Product momentum underpins the growth. In late June Anthropic introduced “Artifacts,” a feature that lets any Claude user build, host and share simple AI applications without writing code. On 16 July it added an analytics dashboard for its Claude Code programming assistant, a tool the company says has driven a 5.5-fold jump in that unit’s revenue since May. Claude also gained one-click connectors to workplace apps such as Canva, Figma, Notion and Zapier to deepen enterprise use. The company is simultaneously fighting a talent war. Anthropic rehired Boris Cherny and Cat Wu—two leaders behind Claude Code—just two weeks after they defected to Anysphere’s Cursor, a rival coding product that itself has surpassed $500 million in annual recurring revenue. The swift reversal highlights intensifying competition for specialised AI engineers as investors rush to place ever larger bets on generative-AI platforms.