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ANTHROPIC IN TALKS TO RAISE $2 BILLION FROM GOOGLE AND OTHERS JUST DAYS AFTER
AMAZON INVESTMENT


ANTHROPIC IN TALKS TO RAISE $2 BILLION FROM GOOGLE AND OTHERS JUST DAYS AFTER
AMAZON INVESTMENT

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Dario Amodei, co-founder and CEO of Anthropic. Photo via Getty.
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Oct. 3, 2023 3:17 PM PDT


Anthropic, one of the main rivals of OpenAI, is in talks with investors to raise
at least $2 billion in new funding, following a commitment from Amazon last week
to invest $1.25 billion in the company, according to three people with direct
knowledge. Anthropic has told investors that Google, which bought a roughly 10%
stake in the startup in 2022, is expected to invest in the round, two of the
people said.

The 2-year-old startup, which sells Claude, a chatbot that competes with
OpenAI’s ChatGPT, wants a valuation between $20 billion to $30 billion including
the new investment, according to one of those people. That would quintuple the
valuation of the company since March, when investors put a $4 billion price tag
on the firm, and make its shares far pricier than those of OpenAI in terms of
its valuation multiple on revenue.


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