Anthropic announced Thursday that it's raised $30 billion in new funding, and the five-year-old AI startup is now valued by its investors $380 billion.

The new funding will "fuel the frontier research, product development, and infrastructure expansions that have made Anthropic the market leader in enterprise AI and coding," the company said in a lengthy, nearly 1,000-word press release that trumpeted a $14 billion revenue run rate and more than 500 customers (including 8 of the Fortune 10) that spend at least $1 million a year on its products. (one thing not mentioned in the lengthy press release was the word IPO).

The lead investors in Anthropic's Series G round are Coatue and GIC, with D. E. Shaw Ventures, Dragoneer, Founders Fund, Iconiq, and MGX as "co-lead" investors. And that's just the VIPs. Anthropic listed another 36—yes 36!—investors (including Microsoft and Nvidia's previously announced investment) in the $30 billion funding. Talk about a party round.

Since it was founded by disaffected OpenAI staffers in 2021, Anthropic has raised a total of $57 billion. Perhaps more remarkable is how quickly it's attained its $380 billion valuation. While OpenAI, currently valued at $500 billion and seeking more funding at a $750 billion valuation, and SpaceX, currently valued at $1.25 trillion, are still well above Anthropic, those two companies were founded in 2015 and 2002 respectively. As the old ad slogan for those slim cigarettes used to say, You've come a long way, baby. —AO

By bringing cofounder Aneel Bhusri back to the CEO job, Workday has turned to a classic Silicon Valley tradition to deal with the AI threat currently squeezing software company stocks: the return of the founder.

To lure Bhusri back to the CEO job he left two years ago, Workday is giving him a $138.8 million pay package comprised of cash and performance-based and restricted stock. More than half of the package, $75 million, only pays out if Bhusri can hit a series of undisclosed stock price targets over the next five years.

Perhaps more telling is the other half: Roughly $60 million in restricted stock requires only that Bhusri stick around at Workday for the next four years, with no performance targets whatsoever. With Wall Street bearish on SaaS companies, Workday is effectively recognizing the deep skepticism that even its founder-savior will face in successfully making the transition into the AI age. For a deeper look at Bhusri's pay package, click here. —Amanda Gerut