According to TechNews and Inside reports, Anthropic is in talks to acquire AI startup Decart for roughly $6 billion — reportedly its largest deal to date — to strengthen its inference and performance team, as Decart's world-model and Lucy real-time video technology draw funding at a valuation near $4 billion. Separately, Anthropic's IPO is reportedly targeted for October 2026.
Anthropic's $6 Billion Bid for Decart: Deal Background and Status
Anthropic is in talks to acquire AI startup Decart AI for approximately $6 billion, according to sources cited by TechNews (technews.tw), which reported the figure on August 13, 2026. Bloomberg's reporting, relayed separately by Inside (inside.com.tw), confirms the same approximately $6 billion figure and adds that, if finalized, it would be Anthropic's largest acquisition to date.
Both outlets stress the deal is not done. TechNews reports that "the deal has not yet been finalized, and negotiations could still fall through," while Inside notes Bloomberg's caveat that "talks are ongoing, the deal is not final, and it could still collapse." Should the acquisition close, TechNews and Inside both report that Decart's team would join Anthropic's inference and performance division.
Decart's World Models and Real-Time Video Technology
Per TechNews, Decart builds so-called "world models" aimed at simulating the real world, alongside software intended to improve chip computing efficiency and lower AI training costs. Inside identifies one such model by name: Oasis, a world model used to generate synthetic environments for robotics and autonomous-driving training.
On the video side, TechNews and Inside both describe Decart's Lucy model, which takes a person's live video feed and generates high-resolution real-time video — for example, letting someone appear to be trying on a dress or handbag. eBay is named by both outlets as both an investor in and a customer of Decart.
TechNews reports that Decart's technology is already used by livestreamers on Twitch, TikTok, and YouTube, with advertising firms and other businesses also adopting it. Decart's CEO, Dean Leitersdorf, told Bloomberg at the Raise AI conference in Paris in July that the company trains its AI on text data and millions of hours of video to capture and simulate real-world physics, per TechNews.
Decart's Funding Scale and Valuation Growth
Decart was founded in 2023 by brothers Dean Leitersdorf and Orian Leitersdorf along with Moshe Shalev, according to Inside. In May 2026, the company closed a $300 million Series B round led by Radical Ventures, with participation from NVIDIA, Atreides Management, Valor Equity Partners, and Adobe Ventures — a lineup confirmed by both TechNews and Inside.
TechNews, citing The Wall Street Journal, reports that round valued Decart at nearly $4 billion, up from $3.1 billion in August 2025.
| Date | Event | Valuation |
|---|
| Aug 2025 | — | $3.1 billion |
| May 2026 | $300M Series B (Radical Ventures lead; NVIDIA, Atreides Management, Valor Equity Partners, Adobe Ventures) | ~$4 billion |
| Aug 2026 (reported) | Anthropic acquisition talks | ~$6 billion |
Anthropic's Funding Scale and Revenue Status
Inside reports that Anthropic closed a $65 billion Series H round on May 28, 2026, at a post-money valuation of $965 billion — the first time it surpassed OpenAI's $852 billion valuation. Inside adds that venture, sovereign-wealth, and institutional investors have collectively put in close to $100 billion into Anthropic since the start of 2026.
On revenue, Inside reports Anthropic's own disclosure of annualized revenue surpassing $47 billion as of May 2026, against a market estimate of roughly $9 billion at the end of 2025. Investor models cited by Inside put December 2026 annualized revenue at $100–120 billion — more than double the May figure within seven months, and over ten times the start-of-year level. Research firm IDC, per Inside, estimates Anthropic's current annualized revenue at $40–50 billion, of which consumer subscriptions contribute under $2 billion — a gap from the figures investors are using.
| Date | Metric | Figure |
|---|
| May 28, 2026 | Series H funding raised | $65 billion |
| May 28, 2026 | Post-money valuation | $965 billion (vs. OpenAI's $852 billion) |
| May 2026 | Annualized revenue (company disclosure) | $47 billion |
| End of 2025 | Annualized revenue (market estimate) | ~$9 billion |
| Dec 2026 (investor projection) | Annualized revenue | $100–120 billion |
| Current (IDC estimate) | Annualized revenue | $40–50 billion (consumer subscription <$2 billion) |
Anthropic vs. OpenAI IPO Race: Valuation Outlook
According to Inside, citing the Financial Times, Anthropic is targeting an IPO as soon as October 2026, with six Anthropic shareholders expecting a listing valuation that could challenge $2 trillion — surpassing SpaceX's $1.77 trillion priced valuation set in June. Inside reports Anthropic secretly filed a draft S-1 with the SEC in early June, with Morgan Stanley, Goldman Sachs, and JPMorgan forming the underwriting syndicate for the potential October listing.
For comparison, Inside reports SpaceX priced its offering on June 11 at $135 per share, raising $75 billion at a $1.77 trillion valuation — the highest IPO pricing on record — with its day-one closing market cap subsequently crossing $2 trillion (Inside notes priced valuation and post-trading market value are distinct figures).
One investor's math, relayed by Inside, applies Anthropic's 800% annual revenue growth rate and even "the most conservative" 30x revenue multiple to arrive at a $3 trillion valuation — for context, Inside notes Palantir and Nebius traded at roughly 55x revenue in 2026. Inside also reports that OpenAI confirmed in June it had secretly filed its own S-1, with the market expecting a listing as soon as the fourth quarter — meaning public markets could see two trillion-dollar-plus AI labs list before the end of 2026.
| Company | Event | Valuation |
|---|
| SpaceX | Priced June 11, 2026 ($135/share, $75B raised) | $1.77 trillion (priced); >$2 trillion (day-one market cap) |
| Anthropic | Targeted IPO ~October 2026 | up to $2 trillion (shareholder expectation) |
| Anthropic | Investor model: 800% YoY growth × 30x revenue multiple | $3 trillion |
| Palantir / Nebius | 2026 trading multiple (for comparison) | ~55x revenue |
What This Means
The figures reported by TechNews and Inside sit alongside each other with some tension. Decart's valuation climbed from $3.1 billion to roughly $4 billion in the nine months to May 2026, and Anthropic's reported $6 billion offer would sit above that most recent funding-round mark — while also standing as, per both outlets, Anthropic's largest deal to date. At the same time, Anthropic's own revenue disclosures ($47 billion annualized in May) diverge from IDC's independent estimate ($40–50 billion, with consumer subscriptions under $2 billion) and from the investor projection of $100–120 billion by December — a spread that, per Inside's reporting, underlies the same investor math used to argue for a $3 trillion valuation on an IPO now targeted for as soon as October 2026, in the same window OpenAI is reportedly preparing its own fourth-quarter listing.