News Formal

Anthropic eyes $30 billion valuation with new Big Tech investment

  • 📰 startelegram
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Business News News

More tech giants are flocking to invest in this artificial intelligence startup.

Anthropic, the startup behind ChatGPT competitor Claude, is looking to raise an additional $2 billion in funding, according to The Information. Google, which acquired a 10% stake in the startup last year, is expected to make an additional investment in this latest funding round.

It remains unclear what kind of stake Amazon now owns in Anthropic, but the company said that it will not gain a board seat and that its holding will amount to a minority position. “We are excited to use AWS’s Trainium chips to develop future foundation models," he said in a statement.that became one of the fastest-growing social media apps in history when it launched last year. OpenAI, the company behind ChatGPT, has garnered a total of around $13 billion in investments from its own Big Tech giant: Microsoft

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 248. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hedge funds using computers to sell up to $30 billion of stocks soonLONDON, Oct 2 (Reuters) - Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in...
Source: AllSidesNow - 🏆 572. / 51 Read more »