Google-backed Anthropic to raise $2 billion in latest funding
Andrii Yalanskyi/iStock via Getty Images

OpenAI's main rival, Anthropic, is now in negotiations with investors to raise at least $2 billion in fresh funding. This comes after Amazon (AMZN) recently pledged to invest $1.25 billion in the business, according to a report today in The Information.
According to additional sources, Google (NASDAQ:GOOGL) (NASDAQ:GOOG) which purchased a 10% investment in Anthropic in 2022 is also anticipated to take part in this funding round.
Anthropic is a two-year-old startup thatâs building generative AI models in competition with OpenAI. Its flagship model, Claude 2, is a chatbot with similar capabilities to ChatGPT.
Anthropic hopes to reach a valuation of $20 billion to $30 billion with its product, Claude, a chatbot that competes with OpenAI's ChatGPT, following the conclusion of the proposed round. Compared to the company's previous valuation, which was decided in March at $4 billion, this predicted valuation would be five times greater, the report added.
The anticipated funding round could significantly boost Anthropicâs position as a key player in the industry, especially when compared to OpenAI, The Information added.


More on Alphabet, Anthropic:

Google gets another thumbs up on AI, this time from Piper Sandler
Amazon to invest up to $4B in AI startup Anthropic
Amazon: Ready, Set, A.I.
Spotify is using AI to make podcasters speak other languages
UK antitrust agency lays out AI principles; will seek input from Microsoft, others