In the artificial intelligence (AI) revolution, Anthropic isn't just participating—it's among those leading the charge. As the 7th largest unicorn company globally¹, Anthropic's influence in the AI sector is substantial. Anthropic's focus spans various domains, from natural language processing to AI safety research, attracting attention from both the tech industry and investors alike.

As of this writing, Anthropic is now the 4^th largest holding in the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX), representing 4.71% of net assets.² AGIX is one of the first US-listed exchange-traded funds (ETF) to directly invest in a private company³, offering investors a unique opportunity to gain exposure to Anthropic through a Nasdaq-listed ETF.

The Rise of Anthropic and its Competitive Edge

Founded in 2021 by former OpenAI executives Dario and Daniela Amodei, Anthropic has quickly established itself as a frontrunner in the development of AI systems. The company's mission to create reliable, interpretable, and steerable AI has attracted substantial investments from tech giants, including an $8 billion commitment from Amazon and a $2 billion investment from Google.⁴ Anthropic has had a rapid ascent in the AI world, with its valuation soaring to $61.5 billion making it one of the most valuable AI companies globally.⁵

At the heart of Anthropic's success is its focus on AI safety and ethics. The company has pioneered "constitutional AI," an innovative approach that instills explicit values and principles into AI models, enhancing their reliability and ethical behavior. This commitment to responsible AI has positioned Anthropic as a trusted partner for businesses seeking advanced yet conscientious AI capabilities. Anthropic's flagship product, the Claude AI assistant, has become a cornerstone for enterprises looking to harness the power of large language models (LLMs) while aligning with human values and ensuring societal well-being. According to a Financial Times report, Anthropic has been gaining market share from Open AI in the use of LLMs among enterprise customers.⁶

Additionally, Anthropic launched Claude 3.7 Sonnet, their most advanced AI model to date, featuring a unique hybrid reasoning capability. This new model can provide quick responses or engage in extended, step-by-step thinking, with application programming interface (API) users having control over the duration of the reasoning process. According to early testing, Claude 3.7 Sonnet demonstrates significant improvements in coding and front-end web development, outperforming other models in real-world coding tasks.

Alongside the model, Anthropic introduced Claude Code, a command-line tool for agentic coding that allows developers to delegate substantial engineering tasks directly from their terminal. Claude 3.7 Sonnet is now available across all Claude plans and major cloud platforms, maintaining the same pricing as its predecessors. With its integrated reasoning capabilities, fine-tuned focus on practical business applications, and the introduction of Claude Code, Anthropic aims to provide a more seamless and powerful AI experience for users across various domains.

Partnerships and Collaborations with Technology Leaders

Anthropic has been consistently forging strategic partnerships with industry leaders, significantly enhancing its market position and technological capabilities.

Salesforce partnered with Anthropic in September of 2024, integrating Claude models into its Einstein 1 Studio platform.⁷ This collaboration enables Salesforce customers to utilize Claude 3.5 Sonnet, Claude 3 Opus, and Claude 3 Haiku models for various AI-powered applications across sales, customer service, marketing, and other business functions. The partnership highlights Anthropic's ability to provide enterprise-grade AI solutions with enhanced security and accuracy.

In October of 2024, Anthropic integrated its Claude 3.5 Sonnet model into GitHub Copilot, providing advanced coding capabilities to over 100 million developers in GitHub's community.⁸ This integration allows developers to leverage Claude's AI for writing production-ready code, debugging, creating tests, and understanding complex codebases directly within Visual Studio Code and GitHub.com. The move demonstrates Anthropic's commitment to enhancing developer productivity and expanding its reach in the software development ecosystem.

Additionally, Anthropic expanded its collaboration with Amazon Web Services (AWS) in November of 2024, securing an additional $4 billion investment from Amazon, bringing the total investment to $8 billion⁹, and establishing AWS as its primary cloud and training partner. This partnership focuses on developing AWS Trainium hardware and software, optimizing AI model training capabilities, and solidifying Anthropic's position in the AI industry.

Most recently, in February of 2025, Lyft announced a partnership with Anthropic to develop AI-powered solutions for its ridesharing platform.¹⁰ This collaboration has already yielded impressive results, with Lyft's AI-powered customer care assistant, utilizing Claude via Amazon Bedrock, reducing average resolution times by 87%.¹¹ The partnership extends beyond customer service, encompassing early testing of new AI products and capabilities, as well as specialized training for Lyft's engineering teams.

These partnerships underscore Anthropic's growing influence in the AI industry and its ability to attract major players across various sectors. By collaborating with technology leaders, Anthropic gains access to vast resources, expertise, and user bases, accelerating its growth and market penetration. These alliances not only validate Anthropic's technology but also provide crucial avenues for real-world application and refinement of its AI models.

Furthermore, these collaborations position Anthropic at the forefront of AI innovation, allowing it to tackle diverse challenges across different industries. The partnerships with AWS, GitHub, Salesforce, and Lyft demonstrate Anthropic's versatility in adapting its AI technology to various use cases, from cloud computing and software development to customer relationship management and transportation.

Anthropic Growth Potential & the AGIX Advantage

For investors eyeing the AI sector, we believe Anthropic presents a compelling opportunity. According to Reuters, the company projects that its revenue could reach $34.5 billion by 2027, with a conservative estimate of $12 billion, up from a projected $2.2 billion in 2025.¹² This exponential growth trajectory underscores the immense potential of Anthropic's AI technologies and their widespread adoption across industries.

The inclusion of Anthropic in AGIX marks a significant milestone for investors, providing access to a leading private AI company with daily liquidity and without the performance fees typically associated with private investments. AGIX is designed to provide a comprehensive AI solution for investors seeking exposure to the entire spectrum of the next technological wave, encompassing hardware, infrastructure, and application companies across both public and private markets.

Conclusion

As we look towards the future, Anthropic is poised to play a pivotal role in shaping the AI landscape. The company's commitment to responsible AI development, coupled with its strategic partnerships, positions it as a key player in the ongoing AI revolution. Investors considering AGIX are not just gaining exposure to Anthropic but are also tapping into a carefully curated ETF of AI innovators across the entire value chain.

KraneShares teamed up with Etna Capital Management to leverage their pioneering expertise in AI venture investing and proprietary AI scoring model to investors via the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX). Etna's expertise is highlighted by its early-stage investments in innovative AI companies like Anthropic, xAI, and Perplexity, which we believe could lead to a pipeline of additional private AI companies that can be added to AGIX.*

---

For AGIX top 10 holdings, risks, and other fund information, please click kraneshares.com/agix.

*xAI and Perplexity are not part of AGIX

Citations:

1. Data from CB Insights as of 3/10/2025.
2. Data from Bloomberg as of 3/10/2025. *Up to limits permitted by the Investment Company Act of 1940.
3. Data from Bloomberg as of 3/10/2025.
4. Data from Anthropic’s company website as of 3/10/2025.
5. Data from Anthropic’s company website as of 3/10/2025.
6. Data from “Has Europe’s great hope for AI missed its moment?”, Financial Times, as of 1/30/2025.
7. Data from Anthropic’s company website as of 3/10/2025.
8. Data from Anthropic’s company website as of 3/10/2025.
9. Data from Anthropic’s company website as of 3/10/2025.
10. Data from Anthropic’s company website as of 3/10/2025.
11. Data from Anthropic’s company website as of 3/10/2025.
12. Data from Reuters as of 2/12/2025.

Definitions:

Large Language Model (LLM): A type of artificial intelligence that is specifically designed to understand and generate human language by being trained on massive amounts of text data, allowing it to perform tasks like writing, translating, summarizing, and answering questions in a human-like way; essentially, it's a complex AI system that can process and generate text with a high degree of accuracy