Anthropic: A.I Startup Builds $60 billion Valuation
Anthropic, an artificial intelligence startup started by former OpenAI research executives, is in final negotiations to raise $2 billion at a valuation of $60 billion.
Lightspeed Venture Partners is leading the funding round. The AI chatbot Claude was developed by Anthropic, a company that has received significant support from Amazon. Claude has become wildly popular as companies use generative AI chatbots for customer support, marketing, and sales tasks similar to Google’s Gemini and OpenAI’s ChatGPT.
Tech behemoths Google, Amazon, Microsoft, and Meta are engaged in a generative AI arms race with Anthropic and OpenAI to stay ahead of a market expected to generate over $1 trillion in revenue in the next decade.
Amazon, the primary investor in OpenAI, and Microsoft are making headways in generative AI startups and developing their technologies. Enterprise sales are the main source of Anthropic’s $875 million yearly revenue
Amazon announced in November that it would invest an extra $4 billion in Anthropic to bring its total investment to $8 billion. Anthropic told CNBC that Amazon is still a minority shareholder and does not hold a board seat.
Google pledged to invest $2 billion in Anthropic after confirming that it had acquired a 10 percent stake in the startup and a significant cloud contract between the two businesses.
Anthropic accelerated development over the previous year and announced in October, that its AI agents could perform complex tasks on a computer just like a human would.
The new Computer Use capability enables its technology to select buttons, enter text, navigate websites, interpret what’s on a computer screen, and carry out tasks using software and real-time internet browsing.
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