Anthropic completes tender offer at $350B valuation

Anthropic completed an employee tender offer at a $350 billion valuation, marking a 75 percent increase from its previous funding round. The secondary transaction allows employees to sell shares to new and existing investors. Bloomberg reported the San Francisco-based AI company has faced strong demand from investors seeking exposure to leading large language model developers. The valuation positions Anthropic as one of the most valuable private AI companies, trailing only OpenAI. The company develops the Claude family of AI assistants and has raised substantial funding from backers including Amazon, which committed up to $4 billion in 2023. The tender offer reflects continued investor appetite for foundational AI model companies despite broader concerns about monetization timelines.