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Anthropic asked investors to submit within 48 hours how much they plan to put into its latest funding round, TechCrunch reported on April 30 local time, citing sources familiar with the matter.

The round is expected to total about $50 billion and is said to close within two weeks, the report said.

Anthropic is targeting a $900 billion valuation in the round. The final valuation could exceed that as investor demand surges, the sources said.

Anthropic plans to use the funds for computing costs. TechCrunch said this investment could be the company’s last private round before an initial public offering.

Some early investors who backed Anthropic before 2024 are considering skipping this round and realising gains in an IPO, TechCrunch reported.

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