Feb. 25 (Bloomberg) -- According to the Wall Street Journal, theArtificial Intelligence Companies Anthropic is finalizing a $3.5 billion (note: currently about Rs. 25.383 billion) round ofFinancingThe company is valued at $61.5 billion.Initially, Anthropic planned to raise $2 billion. Initially, Anthropic planned to raise $2 billion, but investors have now agreed to put up a much larger sum.
Potential investors in the financing include Lightspeed Venture Partners, General Catalyst, Bessemer Venture Partners, and Abu Dhabi-based investment firm MGX. If the financing ultimately reaches $3.5 billion, Anthropic's total financing will be close to $18 billion (currently about Rs. 130.542 billion). If the funding ultimately reaches $3.5 billion, Anthropic's total funding will be close to $18 billion (currently about RMB 130.542 billion).
Earlier today, Anthropic unveiled its latest flagship AI model -- theClaude 3.7 SonnetAnthropic. According to the Wall Street Journal, the company has annualized revenues of nearly $1.2 billion, but is still losing money.Anthropic says it will use the proceeds of the financing to develop more advanced AI technology.
