Artificial intelligence company Anthropic said Thursday it had raised $65 billion in a new funding round that values the Claude maker at $965 billion, more than its archrival OpenAI, the maker of ChatGPT.

The latest fundraising round confirms Anthropic¡¯s place as one of the most significant players in AI, with the startup led by Dario Amodei having drawn fans for its coding powers and state-of-the-art models.

Anthropic¡¯s rise came by doubling down on delivering generative AI to enterprise clients rather than general users, the path initially chosen by OpenAI.