Anthropic raises $300 million to compete with rival OpenAI

The startup became famous for developing Claude, a ChatGPT-like chatbot

Anthropic, an American AI startup and one of OpenAI’s main rivals, has raised $300 million in its latest funding round. The contribution valued the company at $4.1 billion before the investment, according to The Information.

Behind the scenes of the fight between anthropic AND Microsoftthere is a fierce dispute between Google AND Microsoft. Tech giants are looking for a competitive edge in the cloud AI systems market (which includes rivals like amazon AND Objective) and investing heavily in startups in the sector to access technology and not lose the game.

In January, Microsoft revealed it would invest $10 billion for an undisclosed stake Open AIcreator of popular generative AI software Chat GPT AND Give her. The following month, Bloomberg reported that Google had invested nearly $400 million in Anthropic. In early February, Anthropic announced a partnership with Google Cloud as a cloud service provider.

The new round of anthropic was led by Spark Capital, which has recently been in talks to invest in as well Expert AI. The investment of anthropic it adds to the $1.1 billion raised by previous investors, which in addition to Google include the founding engineer of SkypeJaan Tallinn and Sam Bankman-Fried, the former CEO of FTP extension.

Second The information, the 2-year-old company’s bet that it “made very little revenue” reflects the recent market fervor for generative AI companies. “Despite the economic downturn that is making it difficult for most startups to raise capital, AI companies continue to raise large sums, a testament to investors’ eagerness to gain exposure to the rapidly developing industry even before most of them prove their commercial success,” the report said.

Despite the appetite for AI solutions, some investors have reportedly rejected the desired value from industry startups. Before closing the round, anthropogenic he had signaled to some investors that he wanted a valuation of at least $5 billion. However, that didn’t happen. The $4.1 billion valuation indicates that the price was too high to accept the offer.

Based in San Francisco, the anthropogenic is led by a team of former executives from Open AI, including the brothers Dario and Daniela Amodei, respectively CEO and president of the company. A anthropogenic became famous for developing Claude, a chatbot similar to Chat GPT. The company focuses on AI security, working so that its systems are free from negative characteristics such as bias, bias, and toxicity.

Source: Terra

Rose

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