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Report: AI Startup Anthropic Looking to Secure $2 Billion Funding

Oct 05, 2023 - pymnts.com
AI startup Anthropic is reportedly in talks to secure $2 billion in funding, potentially valuing the company at $30 billion. This follows Amazon's agreement to invest up to $4 billion in the company. Anthropic, founded in 2021 by former OpenAI employees, is part of a new wave of startups focusing on building foundation models for AI tools. The company is known for its product Claude, a chatbot designed to be a kinder form of AI.

The funding discussions highlight the intense competition among tech giants for a stake in the future of AI. Earlier this year, Google participated in a $450 million funding round for Anthropic, while Amazon's investment positions it as the company's primary cloud computing provider and chip supplier. Meanwhile, Microsoft has pledged over $10 billion to OpenAI, Anthropic's competitor in generative AI.

Key takeaways:

  • AI startup Anthropic is reportedly in talks to secure $2 billion in funding, potentially valuing the company at $30 billion.
  • Amazon has agreed to invest up to $4 billion in Anthropic, positioning it as the company's primary cloud computing provider and chip supplier.
  • Anthropic is part of a new wave of startups focusing on building foundation models, which are vital for many AI tools.
  • One of Anthropic's notable products is Claude, a chatbot designed to be a kinder and gentler form of AI, trained through reinforcement learning and built atop a model architecture known as Constitutional AI.
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