Connect with us

Hi, what are you looking for?

Anthropic
Anthropic

AI

Anthropic seeks $2 billion in funding and a $60 billion valuation

Anthropic, an AI business competing with OpenAI, is in talks to raise up to $2 billion, potentially increasing its valuation to $60 billion. Lightspeed Venture Partners is leading this fundraising round, which significantly exceeds the company’s previous 2023 valuation of $18 billion. The company, famed for its Claude family of language models, has previously received significant investment from Amazon and Google. With plans to extend its capabilities, Anthropic intends to lead the AI space as it rapidly grows.

Anthropic, a rapidly developing AI business, is in talks to secure up to $2 billion in new funding, potentially increasing its valuation to $60 billion. This reflects a dramatic increase from its $18 billion valuation just a year ago. Lightspeed Venture Partners spearheaded the fundraising round, demonstrating Anthropic’s strong interest in the AI sector and its ability to compete with industry giants like OpenAI.

Former OpenAI personnel founded Anthropic in 2021, making headlines with its Claude family of language models. These models, which compete with OpenAI’s ChatGPT, have gained traction due to their natural language processing skills. Anthropic introduced its most complex version, Claude 3.5 Sonnet, in mid-2024, along with a cheaper form, Claude 3.5 Haiku, to accommodate various user needs.

The startup has already received significant investments from digital behemoths Amazon and Google, bolstering its position in the AI sector. Anthropic bases its business model on delivering its language models through an API and offering Claude Enterprise, a chatbot service that generates code and sales forecasts for enterprises.

As the AI sector expands, Anthropic hopes to produce increasingly more powerful models. With this fresh capital, the firm hopes to boost its R&D efforts, keeping up with competitors and establishing itself as a leader in the changing AI landscape.

author avatar
Contributor
We welcome Aspiring writers who are passionate about crypto and involved in it to join the Unbiased and Upright 4C Media Co. with a goal to spread knowledge and be a reliable source of crypto news updates.
Advertisement

You May Also Like

Cryptocurrency

This week’s Crypto Chronicle explores Ripple's potential SEC settlement, Canada’s leap ahead with Solana ETFs, growing controversy around MANTRA token, and Meta’s aggressive push...

Cryptocurrency

Arizona’s proposed crypto reserve bill, SB 1373, has passed a critical legislative stage and is now one vote away from becoming law. The lawmakers will...

Cryptocurrency

With tensions boiling over and wallets linked to sanctioned individuals being frozen, Russia is looking into making its own stablecoin. This step will lessen...

Cryptocurrency

A federal judge has halted a lawsuit filed by 18 U.S. states against the SEC, potentially influencing the agency's perspective on cryptocurrency. The lawsuit...

polkadot
Polkadot (DOT) $ 4.02 2.57%
bitcoin
Bitcoin (BTC) $ 92,739.00 0.97%
ethereum
Ethereum (ETH) $ 1,750.93 2.83%
cardano
Cardano (ADA) $ 0.696881 1.64%
xrp
XRP (XRP) $ 2.19 4.05%
stellar
Stellar (XLM) $ 0.268282 1.61%
litecoin
Litecoin (LTC) $ 81.60 3.47%