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AI Startup Anthropic Raises More Cash — $100M From South Korea’s SK Telecom

Aug 14, 2023 - news.crunchbase.com
San Francisco-based AI startup Anthropic, a rival to ChatGPT, has raised $100 million from South Korea's largest telco, SK Telecom. The funding will be used to develop a large language model tailored for telecommunications companies. Over the past 16 months, Anthropic has raised over $1.4 billion, with significant investments from Google, Salesforce Ventures1, Sound Ventures, Zoom Ventures, and others.

In other AI investment news, Modular, an AI software developer, is reportedly in talks with General Catalyst and others to raise a Series A at a $600 million valuation. This follows a trend of significant investments in AI startups this year, with companies like AlphaSense, Character.ai, and Adept AI raising nine-figure rounds. The trend was kickstarted by Microsoft's $10 billion investment into OpenAI, the creator of ChatGPT.

Key takeaways:

  • Anthropic, an AI startup and rival to ChatGPT, has raised a $100 million round from SK Telecom, South Korea's largest telco.
  • The San Francisco-based startup will build a large language model customized for telcos as part of the deal.
  • In the last 16 months, Anthropic has raised more than $1.4 billion from various investors including Google, Salesforce Ventures1, Sound Ventures, and Zoom Ventures.
  • Other AI startups such as AlphaSense, Character.ai and Adept AI have also raised massive nine-figure rounds this year, indicating a strong investor interest in the AI sector.
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