The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.

OpenAI rival Anthropic is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter.

OpenAI rival Anthropic is reportedly in talks to raise $2 billion in new capital in a funding round led by Lightspeed Venture Partners.

AI startup Anthropic is near a deal to raise an additional $2 billion at a price that values the company at $60 billion, sources said, months after its $4 billion funding from Amazon .

The funding round is being led by the venture firm Lightspeed Venture Partners, people familiar with the matter said. The $60 billion valuation includes the money Anthropic plans

The company, which was co-founded by former OpenAI executives Dario and Daniela Amodei, secured a $2bn investment from Alphabet in 2023. "Anthropic nears deal to raise $2bn at $60bn valuation " was originally created and published by Verdict, a GlobalData owned brand.

AI start-up Anthropic is nearing a deal to raise $2bn, a move that would place the three-year old company at a $60bn valuation.

CNBC and the Wall Street Journal cited sources as saying that investment could value the company at $60 billion. That’s more than three times the valuation Anthropic received last year in a funding round led by Menlo Ventures. Lightspeed Venture Partners is said to be leading the company’s latest raise.

The new funding will mark a jump in valuation for Anthropic, a major competitor of OpenAI in the foundation model space.

Anthropic may be joining rival OpenAI with its own eye-popping valuation, but the hefty valuations for the two biggest AI startups obscure the fact that, for now, these companies are burning through billions in cash.