OpenAI competitor Anthropic wants more funding to double valuation - report

 

• Anthropic, an AI startup widely seen as a rival to OpenAI, is said to have had early talks for a new funding round that would more than double its valuation to more than $150B.
• The startup is currently valued at $61.5B.
• The next round would bring in at least $3B, but could potentially reach $5B, the Financial Times reported. 
• The newspaper added that Anthropic has spoken with several Middle Eastern investors. MGX, an AI investment fund based in Abu Dhabi, has expressed interest.
• Anthropic, which is known for its large language model Claude, has significant investment commitments from Amazon (NASDAQ:AMZN) and Google (NASDAQ:GOOG)(NASDAQ:GOOGL). Open AI has major backing from Microsoft (NASDAQ:MSFT).

https://www.msn.com/en-us/money/savingandinvesting/openai-competitor-anthropic-wants-more-funding-to-double-valuation-report/ar-AA1Jj7Kq