Anthropic has agreed terms for a $30 billion round that would value the company at $900 billion, according to the Financial Times.
The round is expected to be led by Dragoneer, Greenoaks, Sequoia, and Altimeter. Each could invest more than $2 billion.
The deal comes just 3 months after Anthropic raised $30 billion at a $350 billion valuation.
Anthropic’s annualized revenue is reportedly close to $45 billion, up from $9 billion at the end of last year. That pace has pushed the company ahead of OpenAI on some revenue measures.
The company is turning growth into capital almost as fast as it turns capital into compute.
AI financing is now moving in $30 billion steps.
Please open Telegram to view this post
VIEW IN TELEGRAM
🤯232❤148
A California jury ruled against Elon Musk in his case accusing OpenAI of abandoning its original nonprofit mission. The jury said Musk waited too long to bring the lawsuit.
Musk claimed OpenAI misled him into contributing $38 million before shifting toward a for-profit structure backed by Microsoft and other investors.
The verdict removes a major legal overhang as OpenAI prepares for a potential IPO that could value the company at around $1 trillion.
One of the most closely watched battles in AI ended in less than 2 hours of jury deliberation.
Please open Telegram to view this post
VIEW IN TELEGRAM
😢133😁130❤103
Anthropic and OpenAI now capture 89% of all AI startup revenue, per The Information.
The data places Anthropic and OpenAI among 34 of the most mature startups selling AI apps or models.
✔️ @venture
The data places Anthropic and OpenAI among 34 of the most mature startups selling AI apps or models.
Please open Telegram to view this post
VIEW IN TELEGRAM
👍122😱119🔥104❤56
Donald Trump Jr's venture firm 1789 Capital grew from $200M to $3.5B AUM in one year.
The firm bought stakes in Databricks, Ramp, Deel, Groq, Anduril, SpaceX, xAI, and Reflection AI.
It is targeting $10B and positioning itself as the new Carlyle Group.
✔️ @venture
The firm bought stakes in Databricks, Ramp, Deel, Groq, Anduril, SpaceX, xAI, and Reflection AI.
It is targeting $10B and positioning itself as the new Carlyle Group.
Please open Telegram to view this post
VIEW IN TELEGRAM
🤯140❤136🤔123
Andrej Karpathy, co-founder of OpenAI, has officially joined Anthropic, the company behind Claude.
Karpathy, a prominent AI researcher, helped found OpenAI in 2015 and later led AI efforts at Tesla.
He now says he wants to "return to R&D" during a critical time for large language model development.
Please open Telegram to view this post
VIEW IN TELEGRAM
😁202❤131🔥37
xAI asked employees to submit their personal tax returns as training data for Grok and offered $420 in return, according to Bloomberg.
The company wanted to improve Grok’s tax capabilities before the April 15 filing deadline as users increasingly turned to ChatGPT and Claude for accounting tasks.
Two months later, employees are still waiting for the payments.
Even training data can end up as an unpaid invoice.
Please open Telegram to view this post
VIEW IN TELEGRAM
🤔227❤171
The OpenAI trial brought renewed attention to the company’s early days. Today, only Sam Altman, Greg Brockman, and Wojciech Zaremba remain at the company.
OpenAI’s founders now lead or advise many of the most important companies in AI.
The original team ended up shaping the entire industry.
Please open Telegram to view this post
VIEW IN TELEGRAM
🐳174❤108🤯95
Venture Capital
Please open Telegram to view this post
VIEW IN TELEGRAM
😢147😁142❤43
Sam Altman proposed giving each YCombinator startup $2 million in tokens for about 7% equity, roughly YCombinator's usual stake.
The tokens come from Codex, which Altman aims to promote by tying new startups to his ecosystem amid competition with Anthropic.
Please open Telegram to view this post
VIEW IN TELEGRAM
❤90💔89😁73👎31
The Financial Times revealed that Demis Hassabis, founder of DeepMind, secretly invested early in Anthropic as an angel investor.
Anthropic is an AI startup competing closely with DeepMind.
Despite this rivalry, Google recently agreed to invest $10 billion in Anthropic, possibly influenced by Hassabis.
Please open Telegram to view this post
VIEW IN TELEGRAM
😁78❤65