Anthropic, a competitor to OpenAI, is seeking to raise capital at a valuation of $30-$40 billion, which would be double its previous valuation. This move comes on the heels of OpenAI’s own successful fundraising round. Anthropic has seen rapid growth in revenue, projecting $800 million in annualised revenue by the end of the year, but is also facing significant losses. The company is actively exploring new investment avenues, including presenting to potential investors at a Morgan Stanley conference. While the company's financial prospects remain uncertain, it is capitalising on the burgeoning interest in AI technology by seeking to raise funds at a higher valuation than its previous round.
