Home Elon Musk-backed Anthropic Overtakes OpenAI As Valuation Nears $1T

Elon Musk-backed Anthropic Overtakes OpenAI As Valuation Nears $1T

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Elon Musk-backed Anthropic Overtakes OpenAI As Valuation Nears $1T
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AI start-up Anthropic, backed by billionaire Elon Musk, has become one of the most valuable private technology company in the world. The feat comes after raising a $65 billion Series A round led by a large number of investors that includes Tesla’s founder.

The SpaceX affiliate Anthropic has surpassed OpenAI in valuation after raising a massive funding round from a large group of investors that included Tesla’s founder.

The latest capital raise was announced within months after Anthropic finished a separate $30 billion financing round with a valuation of $350 billion. It represents an unprecedented surge in investor interest in AI businesses, experts say.

It now has a valuation higher than OpenAI’s estimated post-money value of $852 billion after its $122 billion fundraising round.

Anthropic also announced earlier this month that revenue grew more than fivefold this year to over $47 billion annually.

The fresh capital will be utilized to build up computing infrastructure, scale partnerships after the SpaceX collaboration. Further, it has continued investing in AI safety and interpretability research, the firm said.

 

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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