Anthropic Said to Be in Talks to Raise Funding at a $350 Billion Valuation
The New York Times••business
Key Points:
- Anthropic, the AI start-up behind the Claude chatbot, is planning to raise $10 billion in funding, which would value the company at approximately $350 billion, nearly doubling its valuation from four months ago.
- The funding round is expected to be led by Coatue Management and Singapore’s sovereign wealth fund GIC, with other shareholders involved, amid speculation that Anthropic may pursue an initial public offering within 12 to 18 months.
- This funding effort occurs in the context of a broader investment surge in AI, with competitors like OpenAI valued at $500 billion and Elon Musk’s xAI reportedly raising $20 billion, highlighting the high capital demands and concerns about a potential AI bubble.
- Anthropic has declined to comment on the funding
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