Summary

Anthropic raised $30 billion in funding, valuing the company at $380 billion, led by GIC and Coatue Management. The funding will support the development of enterprise-grade AI products and models, with a focus on sectors like software engineering, finance, and healthcare. Anthropic’s revenue run rate has increased to $14 billion, driven by demand for its AI technology.

https://www.straitstimes.com/business/anthropic-finalises-us30-billion-funding-round-led-by-gic-at-us380-billion-valuation?ref=top-stories