Anthropic Negotiating Funding Round with $60 Billion Valuation

Anthropic, a competitor to OpenAI, is in advanced discussions to secure $2 billion in funding, which would value the company at $60 billion. Insiders, who prefer to remain anonymous when discussing private matters, indicate that Lightspeed Venture Partners is at the helm of this funding round. The $60 billion valuation accounts for the funds Anthropic intends to raise. Initially reported by The Wall Street Journal, Anthropic has yet to comment on the matter.

Anthropic's Financing Context and Market Presence

Anthropic is among the multitude of startups capitalizing on the generative AI boom, securing billions in funding. Three months prior, OpenAI garnered $6.6 billion, effectively doubling its valuation to $157 billion. In a similar vein, Elon Musk’s xAI announced a $6 billion capital raise last month, concluding a months-long funding round that reportedly valued the AI startup at over $40 billion. In November, Amazon.com Inc. disclosed an additional $4 billion investment in Anthropic, augmenting its pre-existing stake. This investment, in the form of convertible notes, began with an initial $1.3 billion, with the balance to be injected at an unspecified future date.

Anthropic's Business Operations and Revenue Projections

Founded in 2021 by ex-OpenAI staff, Anthropic has swiftly risen as a significant contender to ChatGPT’s creators. The company has made inroads by marketing AI software to various enterprises, notably in finance and healthcare sectors. According to an informed source, Anthropic is on track to generate approximately $875 million in annual revenue.