According to a Business Insider report today, Anthropic — the company behind Claude AI — has surged to a one-trillion-dollar valuation on private secondary trading market Forge Global, surpassing competitor OpenAI’s $880 billion valuation in the same markets. The surge highlights a steep uptick in investor demand for exposure to artificial intelligence, but what do these figures really mean, and what exactly is driving this spike?
Because neither Anthropic nor OpenAI is publicly listed, most investors cannot access shares through traditional stock exchanges. Instead, trades occur on secondary marketplaces, where early employees or investors can sell portions of their holdings.
