Anthropic, the OpenAI rival, is in talks to raise $750 million in funding at an $18.4 billion valuation
Publishing timestamp: 2023-12-21 11:16:16
Summary
Anthropic, a rival of OpenAI founded by ex-OpenAI employees, is in talks to raise a $750 million funding round led by Menlo Ventures. This funding round would value Anthropic at up to $18.4 billion, nearly 4.5 times its previous valuation. Anthropic has already raised $750 million from previous funding rounds and Google has agreed to invest up to $2 billion in the startup. Anthropic is the developer of Claude 2, a chatbot rival to OpenAI's ChatGPT, and has been praised for its reliability. The market for large language models is growing rapidly, providing opportunities for multiple players to succeed.
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Keywords: generative ai, venture capital, start-up, kamala harris, salesforce inc, business news, technology, breaking news: technology, artificial intelligence,