AI start-up Anthropic is in talks to raise $750mn
What's the story
Anthropic is in talks to raise a whopping $750 million (nearly Rs. 6,250 crore) in a funding round led by Menlo Ventures, according to Reuters.
Anthropic is an artificial intelligence (AI) start-up founded by sibling duo Dario and Daniela Amodei
The former OpenAI executives aim to rival the ChatGPT maker and become a major player in the tech world.
With a current valuation of $18.4 billion, Anthropic is definitely making waves in the industry.
Details
Anthropic has received investments from Google and Amazon
The AI start-up has already caught the attention of tech giants Google and Amazon, who have invested up to $2 billion and $4 billion, respectively, in recent months.
This massive financial backing showcases Anthropic's potential and its ability to go head-to-head with competitor OpenAI.
The race is on to see which company will come out on top.
What Next?
Fierce rivalry between Anthropic and OpenAI
In the battle for AI supremacy, Anthropic's Claude AI models are competing with OpenAI's GPT series.
In November, OpenAI's board of directors approached Anthropic CEO Dario Amodei about potentially replacing Sam Altman and even merging the two AI start-ups.
This news highlights the fierce rivalry between the companies as they vie for leadership in the AI industry.