Anthropic hits a $380B valuation as it heightens competition with OpenAI
BNN Bloomberg
Artificial intelligence company Anthropic says it is now valued at $380 billion, cementing its position alongside rival OpenAI and Elon Musk’s SpaceX in a trio of the world’s most valuable startups that investors will be watching closely this year to see if they will become publicly traded on Wall Street.
“These are the three biggest names that could go public this year,” said Angelo Bochanis, an associate at Renaissance Capital, which researches the potential for initial public offerings.
Anthropic, maker of the chatbot Claude, said Thursday its valuation grew after it raised $30 billion in its latest round of funding, led by Singapore’s sovereign wealth fund GIC and the U.S.-based investment firm Coatue, along with dozens of other major investors.
The funding also includes a portion of the $15 billion that Nvidia and Microsoft said they would invest in Anthropic in November, part of a deal that would eventually commit Anthropic to buying from Microsoft some $30 billion in computing capacity it needs to build and run AI systems like Claude. Anthropic has also been heavily backed by cloud providers Amazon and Google.
Anthropic’s chief financial officer Krishna Rao says the company will use the surge of investments to continue building “enterprise-grade products” and AI models.
Renaissance Capital counts Anthropic as third among the most valuable private firms. It’s behind ChatGPT maker OpenAI, valued at $500 billion. Both San Francisco-based AI companies trail rocket maker SpaceX, which recently merged with Musk’s AI startup xAI, maker of the chatbot Grok.
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