Anthropic Reaches $380 Billion Valuation, Intensifying Rivalry with OpenAI

Anthropic, the Artificial Intelligence company, announced that it has reached a valuation of $380 billion after raising $30 billion in a new funding round, as per news reports.  

The round was led by Singapore’s sovereign wealth fund GIC and US-based Coatue, along with several other institutional investors. 

The funding includes a portion of the $15 billion commitment previously announced by Nvidia and Microsoft. Under that arrangement, Anthropic is expected to purchase about $30 billion in computing capacity from Microsoft over time. 

Valuation Places It Among Top Private Firms 

At $380 billion, Anthropic now ranks among the most valuable privately held companies globally. It stands behind OpenAI, which is valued at around $500 billion, while both companies trail Elon Musk’s SpaceX. 

Investors are closely tracking these firms as possible candidates for public listings. Any initial public offering (IPO) from this group is expected to draw significant market interest. 

Revenue Rising, Profits Not Yet Reported 

Anthropic is not profitable but expects revenue of about $14 billion over the next year. The company generated its first revenue less than 3 years ago, showing a sharp increase in commercial activity. 

Its main product, the Claude chatbot, is largely positioned for workplace use, including software development and other enterprise functions. 

Founded By Former OpenAI Researchers 

Anthropic was founded in 2021 by former OpenAI employees. Since then, it has received backing from major cloud providers, including Amazon and Google, as part of artificial intelligence partnerships. 

The company also announced a $20 million bipartisan organisation in the United States aimed at influencing artificial intelligence regulation. 

Read More:  Amazon Eyes Up to $50 Billion Investment in OpenAI! 

Conclusion 

The latest funding round places Anthropic among the highest-valued private technology companies. The sector continues to attract large investments as markets watch for potential public listings. 

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