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Anthropic Nears $61.5 Billion Valuation Following $3.5 Billion Funding Surge

Anthropic, the AI startup founded by former OpenAI veterans, is on the brink of a triple-digit market cap. The company is now approaching a staggering $61.5 billion valuation after securing a monumental $3.5 billion funding round—significantly surpassing its initial goal of $2 billion and tripling its previous private valuation of $18 billion.

This landmark funding round, led by Lightspeed Venture Partners in partnership with General Catalyst and other investors, underscores the robust investor confidence in Anthropic’s cutting-edge technology. Notably, major tech players like Amazon, which has already committed $8 billion, and Google continue to back the startup, reinforcing its prominent position in the competitive AI landscape.

Despite the significant capital influx, Anthropic has yet to comment on the details, leaving market watchers eager for more insights. The fresh funds not only bolster the company’s market valuation but also signal sustained investor enthusiasm for AI innovation, even as the sector faces potential disruptions from emerging competitors like DeepSeek.

Anthropic is no stranger to innovation. The firm, widely known for its popular chatbot Claude, recently unveiled its latest hybrid model, Claude 3.7 Sonnet. Touted as “the most intelligent yet” and capable of reasoning, this new model further cements Anthropic’s reputation as a formidable force in artificial intelligence.

With its valuation now approaching $61.5 billion, Anthropic’s latest funding round marks a significant milestone. It highlights both the rapid evolution of AI technology and the growing appetite among investors for groundbreaking advancements that promise to reshape the future of digital interaction.

EU Tightens Steel Imports As Overcapacity Hits 721M Tonnes

Robust Regulatory Framework

Cyprus Presidency of the Council of the EU, together with the European Parliament, reached a provisional agreement on measures addressing global steel overcapacity. The regulation targets trade diversion and excess supply while maintaining compliance with international trade rules. The framework also aims to preserve operational flexibility for downstream industries.

Safeguarding Employment And Environmental Commitments

Global steel overcapacity is projected to reach 721 million tonnes by 2027, compared with EU annual consumption levels. The measures are linked to the protection of around 2.5 million jobs. Policy direction also aligns with EU decarbonisation targets within the industrial sector.

Enhanced Trade Controls And Supply Chain Traceability

The regulation introduces tariff-free quotas of 18.3 million tonnes annually. Imports exceeding thresholds will be subject to a 50% duty. Measures cover 30 steel product categories and will replace current safeguards expiring on June 30, 2026. A “melt and pour” requirement is included to improve supply chain traceability.

Diversifying Import Sources And Reducing Dependencies

Rules apply to imports from all countries, excluding European Economic Area members, which remain subject to traceability requirements. The framework also reduces reliance on specific external suppliers, including Russia. Michael Damianos, Energy Minister of Cyprus, said the steel sector remains important for economic activity and energy transition. Bernd Lange, Chair of the European Parliament’s INTA Committee, said the measures address trade practices and market conditions.

Looking Ahead

The agreement introduces a revised tariff-rate quota system with import quotas reduced by approximately 47% compared with 2024. Limited carry-over flexibility will apply in the first year. The European Commission will review the measures in subsequent years. Formal adoption by the European Parliament and the Council is expected before implementation on July 1, 2026.

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