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The trillion-dollar AI race

Chapter 1

The birth of the AI giants

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Chapter 2

The great split and Anthropic

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Chapter 3

The historic multi-billion dollar funding wars

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Chapter 4

The eye-watering cost of digital brains

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YOUR GOAL

Master of The trillion-dollar AI race

Ch 3 · The historic multi-billion dollar funding wars
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steve The cloud providers' clever circular investments

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steve Guess who's leading the AI race? / Anthropic's near a trillion, wow!

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steve OpenAI's record-breaking $122 billion round

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steve Anthropic strikes back with $65 billion

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Silicon Cash Dash

steve Silicon Cash Dash

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steve Sovereign wealth and global capital

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The cloud providers' clever circular investments

steve The cloud providers' clever circular investments

Jun 16

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Fun Fact

The ultimate startup valuation: In May 2026, Anthropic's $965 billion valuation made it briefly more valuable than OpenAI, which was valued at $852 billion.

Jun 16

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Anthropic strikes back with $65 billion

steve Anthropic strikes back with $65 billion

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Glossary
valuation (noun)
An estimation of the worth of something, especially a business or asset. In May 2026, Anthropic raised $65 billion, surpassing rival OpenAI with a $965 billion valuation.

Jun 16

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Quiz

In early 2026, OpenAI raised a record-breaking private funding round of how many billions of dollars?

Jun 16

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Gossip

Which AI giant would you rather invest your own money in?

Jun 16

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Quiz

Which major graphics processing unit (GPU) manufacturer committed $30 billion to OpenAI's 2026 funding round?

Jun 16

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Quiz

In May 2026, Anthropic raised a Series H round that valued the company at what post-money valuation?

Jun 16

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Quiz

Which Singaporean state-owned investment firm participated in Anthropic's massive May 2026 Series H funding round?

Jun 16

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Quiz

Which UAE-based investment fund participated in the historic 2026 funding rounds for major AI companies?

Jun 16

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Quiz

Which company led OpenAI's Series G funding round in early 2026 with a massive $30 billion commitment?

Jun 16

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Quiz

Which coding assistant product dramatically boosted Anthropic's enterprise revenue to $47 billion in early 2026?

Jun 16

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Quiz

What term is used by critics to describe tech giants investing billions in AI startups that must be spent back on their own cloud services?

Jun 16