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Anthropic Surpasses OpenAI in Valuation After Massive Funding Round
AI Race: AI startup Anthropic has surpassed OpenAI with $65 billion in funding. With a $965 billion valuation and impressive revenue growth, the company is preparing to enter the stock market. Read on to learn the full story of this biggest change in the AI market!
It should be mentioned that a revolution has occurred within the area of AI. In particular, Anthropic, an established US-based AI startup, seems to reach the trillion-dollar mark. The company is widely known because of its chatbot cloud service. Moreover, Anthropic became more valuable than its rival firm, OpenAI, in this regard.
As part of its last fundraising round, Anthropic attracted some $65 billion in investments from the likes of Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. Having made such an investment, the current post-money valuation of Anthropic amounts to $965 billion. Other major investors such as AMP PBC, Baillie Gifford, Blackstone, Brookfield, and D.E. Shaw Ventures also participated in the funding round, while infrastructure partners such as Micron, Samsung, and SK Hynix also joined this illustrious list. In contrast, OpenAI raised a significant $122 billion in funding in March of this year, valuing its total at $852 billion.
Cloud AI has become increasingly popular in large organizations around the world. As such, the annualized revenue of Anthropic crossed the mark of $47 billion this month. Its overall revenue is projected to be at $10.9 billion, which is more than double that from before. More importantly, it will announce its very first profits for the June quarter.
