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Startups & Venture·April 23, 2026·1 min read

Anthropic's valuation has hit $1T on Forge Global, a leading private marketplace exchange, surpassing OpenAI's valuation on the platform of $880B (Ben Bergman/Business Insider)

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Anthropic trading at a $1T implied valuation on Forge Global — above OpenAI’s $880B there — shows private markets are now pricing AI labs like sovereign infra, not startups. For operators, that means your vendor risk, pricing power, and partnership leverage with model providers are shifting fast — treat these labs like quasi-utilities in your strategy, not interchangeable APIs.