San Francisco-based AI startup Anthropic is in talks with investors to raise $300M in funding at a $5B valuation.
Anthropic is currently developing its AI chatbot, Claude, to rival OpenAI's ChatGPT platform. The Claude platform is in closed beta mode as of now.
- Anthropic, founded by several researchers from OpenAI, aims to ride the recent funding wave for generative AI startups.
- The firm was last valued at $4B in 2022 when it raised $580M in Series B funding led by Sam Bankman-Fried, the founder of the bankrupt crypto platform FTX.
- The bankruptcy court could potentially claw back the amount invested by Bankman-Fried.
- To date, the firm has nabbed $704M in venture funding.
- Over the past few years, 10% of all venture funding has gone to the AI sector.
- Recently, Microsoft invested $10B in OpenAI.
