HomeStartupOpenAI rival Anthropic to raise $750 Million at $20B valuation

OpenAI rival Anthropic to raise $750 Million at $20B valuation

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OpenAI Merger With Anthropic – The Rival Chatbot Startup Backed by FTX |  CCN.com
  1. Anthropic, an AI startup, is in discussions to secure $750 million in funding at a potential valuation of up to $19-20 billion, led by Menlo Ventures, though the deal has not been finalized yet.
  2. Even before this latest round, Anthropic has become one of the most well-funded AI startups in the industry. Alphabet Inc.’s Google in October committed to back Anthropic with $2 billion, and earlier this year Amazon.com Inc. agreed to an investment of as much as $4 billion. Both deals were structured as convertible notes, a type of debt that converts to equity at the startup’s next funding round.
  3. Founded in 2021 by former OpenAI employees, Anthropic developed a safety-oriented conversational AI chatbot named Claude, emphasizing responsible AI and potential safeguards against AI-related risks.
  4. Anthropic’s strategic cloud agreements with Google and Amazon further solidify its position, indicating a promising future in utilizing vast computing resources for AI development. It competes directly with OpenAI in building advanced chatbots capable of generating content.
SourceBloomberg

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