2 Sources
[1]
Anthropic draws investor interest at more than $100 billion valuation - The Economic Times
The financing would mark a sharp jump from the $61.5 billion valuation Anthropic secured earlier this year, when it raised $3.5 billion in a round led by Lightspeed Venture Partners. OpenAI rival Anthropic is in the early stages of planning another investment round that could value the company at more than $100 billion, according to a person familiar with the matter. The artificial intelligence startup is not formally fundraising, said people with knowledge of the situation, who asked not to be identified discussing private information. But pre-emptive funding offers from VCs for the top artificial intelligence companies have become the norm in Silicon Valley, and investors have approached Anthropic indicating that they'd invest at a valuation over $100 billion, the people said. The financing would mark a sharp jump from the $61.5 billion valuation Anthropic secured earlier this year, when it raised $3.5 billion in a round led by Lightspeed Venture Partners. The Information earlier reported on the investor effort to kickstart a new financing for Anthropic. A spokesperson for Anthropic declined to comment. Discussions about a future investment come as revenue from Claude, the company's chatbot, surges. Annualized revenue has climbed from $3 billion to $4 billion in the past month, Bloomberg reported Tuesday. Anthropic, headquartered in San Francisco, was founded in 2021 by siblings Daniela Amodei and Dario Amodei. Its investors include Amazon.com Inc., Alphabet Inc., Menlo Ventures and Salesforce Ventures, among others.
[2]
Anthropic Valuation Could Hit $100 Billion in New Investment Round | PYMNTS.com
By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. According to a report Wednesday (July 16) by Bloomberg News, the artificial intelligence (AI) startup is planning a new investment round that could bring it to that valuation. The report, citing sources familiar with the matter, said that Anthropic is not formally fundraising, though pre-emptive funding offers from venture capitalists to high profile AI startups have become standard in Silicon Valley. Investors have approached Anthropic signaling they would invest at a valuation north of $100 billion, the sources said. Anthropic was valued at $61.5 billion earlier this year following a $3.5 billion funding round. PYMNTS has contacted the company for comment but has not yet gotten a reply. The report notes that the investment discussions are taking place amid a surge in revenue from Claude, Anthropic's chatbot, with annualized revenue jumping from $3 billion to $4 billion in the past month. Founded in 2021, Anthropic's investors include both Google and Amazon, the latter of which is said to be weighing a new multibillion dollar injection into the company on top of the $8 billion it has already invested. Meanwhile, PYMNTS spoke earlier this week with Jonathan "JP" Pelosi, head of FSI at Anthropic, about the company's new Claude for Financial Services offering, an AI solution designed for analysts, portfolio managers and underwriters at large financial institutions. It's the first industry-specific service that Anthropic has formally introduced, Pelosi said. "Where we saw a lot of traction early on was with these high-trust industries," he added. "Our models, our solutions, are just very well positioned to help these firms." Still, the AI industry has a lot to prove before chief financial officers grow comfortable with the technology, according to the PYMNTS Intelligence report "The Agentic Trust Gap: Enterprise CFOs Push Pause on Agentic AI." That report found concerns about the technology that include hallucinations, where an AI agent can go off script and expose companies to cascading payment errors and other inaccuracies. For highly regulated industries such as financial services, the accurate responses of generative AI models are critical, and Pelosi said the new tool comes through on that front. The worry over hallucinations has "significantly stymied meaningful adoption in the financial industry," Pelosi said. "If you and I are in the business of making very large investments or analysis on very high-stakes transactions, we don't have the luxury of saying, 'Hopefully that [calculation is] right.'" Still, Pelosi stopped short of saying Anthropic has completely solved hallucinations. Anthropic isn't saying that "Claude would never hallucinate again," he said, though "it's making it easier and easier to validate the numbers that you're making very big decisions on."
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Anthropic, a leading AI startup, is drawing investor interest at a potential valuation exceeding $100 billion. The company's chatbot, Claude, is seeing surging revenues, while Anthropic introduces industry-specific AI solutions.
Anthropic, the artificial intelligence startup founded in 2021, is reportedly drawing significant investor interest that could potentially value the company at over $100 billion 1. This astronomical figure represents a substantial leap from the $61.5 billion valuation Anthropic secured earlier this year when it raised $3.5 billion in a round led by Lightspeed Venture Partners 12.
Source: PYMNTS
While the company is not formally fundraising, sources familiar with the matter indicate that pre-emptive funding offers from venture capitalists have become the norm in Silicon Valley's AI sector. Investors have approached Anthropic, signaling their willingness to invest at this unprecedented valuation 1.
The discussions about future investment come on the heels of impressive revenue growth from Claude, Anthropic's chatbot. In just the past month, the company's annualized revenue has climbed from $3 billion to $4 billion, showcasing the rapid adoption and monetization of their AI technology 12.
Anthropic's investor roster already boasts tech giants and venture capital firms, including Amazon.com Inc., Alphabet Inc., Menlo Ventures, and Salesforce Ventures 1. Notably, Amazon is reportedly considering a new multibillion-dollar injection on top of the $8 billion it has already invested, further solidifying Anthropic's position in the competitive AI landscape 2.
In a strategic move to cater to high-trust industries, Anthropic has introduced its first industry-specific service, Claude for Financial Services. This AI solution is designed for analysts, portfolio managers, and underwriters at large financial institutions 2.
Jonathan "JP" Pelosi, head of FSI at Anthropic, emphasized the company's focus on addressing the needs of highly regulated industries. He stated, "Where we saw a lot of traction early on was with these high-trust industries. Our models, our solutions, are just very well positioned to help these firms" 2.
Source: Economic Times
The financial services sector has been cautious about adopting AI technologies due to concerns over "hallucinations" – instances where AI can produce inaccurate or off-script responses. These issues pose significant risks in high-stakes financial transactions and decision-making processes 2.
Anthropic's new tool aims to mitigate these concerns by providing more accurate and reliable responses. While Pelosi acknowledges that they haven't completely solved the hallucination problem, he notes that their solution is "making it easier and easier to validate the numbers that you're making very big decisions on" 2.
As Anthropic continues to innovate and expand its reach, the potential $100 billion valuation reflects the immense faith investors have in the company's ability to shape the future of AI technology and its applications across various industries.
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