Anthropic Raises $20 Billion At $350 Billion Valuation

Anthropic is raising about $20 billion from venture capital firms and other investors after demand doubled its initial $10 billion target, the Financial Times reported. The round would value Anthropic at roughly $350 billion, with Singapore’s GIC, US firm Coatue and Sequoia Capital leading participation and Microsoft and Nvidia committing up to an additional $15 billion in strategic investments; an IPO could follow this year.