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Eye On AI: OpenAI And Anthropic Aim For Big Valuation Spikes, Visa Looks To Join Generative AI Gold Rush

Oct 04, 2023 - news.crunchbase.com
AI startups Anthropic and OpenAI are reportedly in talks for significant funding rounds, with valuations reaching up to $30 billion and $90 billion respectively. This comes after recent funding rounds earlier this year, indicating a rapid increase in valuation for both companies. Meanwhile, Character.AI is also seeking to raise a large funding round that could value it at over $5 billion.

In other AI news, Visa has announced a $100 million fund to invest in generative AI startups. The fund will be managed by Visa Ventures and will focus on startups in the fields of generative AI, commerce, and payments. Other notable funding rounds include a $100 million Series B for Prins AI and a $14 million Series A for AI Clearing, an AI-powered construction progress tracking and quality control platform.

Key takeaways:

  • AI startup Anthropic is reportedly in talks with investors, possibly Google, about raising another $2 billion in funding at a valuation between $20 billion and $30 billion.
  • OpenAI, Anthropic's chief rival, is reportedly in talks to sell shares on the secondary market at a staggering $90 billion valuation.
  • Character.AI, which allows people to create their own personalized AI chatbots, is seeking to raise “hundreds of millions of dollars” in a round that could value it at more than $5 billion.
  • Visa announced it was launching a $100 million fund to invest in generative artificial intelligence startups, led by its investment arm, Visa Ventures.
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