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The Latest Breaking News from Altimeter Capital

Anthropic Raises $65 Billion at Nearly $1 Trillion Valuation — Revenue Run Rate Reaches $47 Billion

Anthropic secures $65 billion in Series H funding, achieving a $965 billion valuation and surpassing OpenAI. This investment will drive AI innovation, enhance the Claude model, and expand R&D capabilities.

International Business Times UK

Anthropic eclipses OpenAI with valuation of $965 billion

Anthropic PBC has raised funding at a $965 billion valuation, overtaking rival OpenAI for the first time. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with each investing over $2 billion. Google and Amazon also joined as part of previously announced multibillion-dollar commitments to Anthropic.

The Economic Times

Altimeter Capital CEO Brad Gerstner Breaks Down AMD-OpenAI GPU Bet, Says Lisa Su Is Betting The Farm To Catch Up To Rival Nvidia

Last week, Altimeter Capital CEO Brad Gerstner described Advanced Micro Devices Inc.'s (NASDAQ:AMD) multi-billion-dollar deal with Sam Altman's OpenAI as a "bet-the-farm" moment for CEO Lisa Su — one that could reshape the balance of power in the AI chip race currently dominated by Nvidia Corp. (NASDAQ:NVDA).

Benzinga

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Legendary Investor Brad Gerstner Is Buying Up Nvidia Stock Despite the Trade War Tizzy. Should You?

This article examines Brad Gerstner’s confidence in Nvidia’s ability to withstand Trump’s tariffs and considers whether investors should continue buying the stock.

Barchart

Exclusive: Glean, aiming to be "Google for work," valued at $4.6 billion in new funding round

The startup doubled its valuation from just six months ago, in a round co-led by Altimeter Capital and DST Global

Fortune

AI will create ‘largest displacement of human labor in the history of capitalism,’ says tech-focused hedge fund CEO. ‘A lot of people will feel left out’

With AI "there’s gonna be a lot of [job] disruption that will cause a lot of anger," warns Altimeter Capital CEO Brad Gerstner.

Fortune

Is Meta Stock Still a Good Buy After Hitting 52-Week Highs?

Meta Platforms (META) stock has hit a 52-week high and with gains of 147% and is the second-best performing S&P 500 stock of the year, trailing only Nvidia which has almost tripled this year. Why is Meta stock surging and is it still a good buy at these levels?

Barchart

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People

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