Anthropic, the company behind Claude AI is currently reportedly in the process of raising $5 billion in funding, valuing the company at $170 billion.
Anthropic is often touted as OpenAI's closest competitor, and has many big names investing in it, including Amazon and Google. Anthropic's company value has also seen a drastic increase in recent times, in line with the wider use of Claude, especially by programmers and for communication across multiple platforms.
Previously, in March, they had raised $61.5 billion in funding, and the value of this new company has more than doubled in less than 6 months.
In comparison, OpenAI was said to be valued at around $300 billion recently.
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BUSINESS & MONEY