AI powerhouse Anthropic, creator of AI chatbot Claude, is about to raise $20 billion in new investment from venture capitalists and other investors, the Financial Times reported, in a deal that would value the company at $350 billion.
The San Francisco-based company had targeted a $10 billion investment round, people familiar with the matter told the Financial Times, but it quickly became clear that investors are hungrier for AI than anticipated.
Between $10 billion and $15 billion of the new capital will be received on Tuesday, with the remainder to be finalized in the coming weeks. The deal is led by Singapore sovereign wealth fund GIC and US investor Coatue, with Sequoia Capital also contributing a large sum.
Those bitcoin miners who have shifted more toward artificial intelligence and high-performance computing (HPC) infrastructure are seeing major gains on Tuesday along with the news. IREN (IREN) and Cipher Mining (CIFR) are each higher by more than 12%, with Hut 8 (HUT) and TeraWulf (WULF) posting gains of more than 8%.
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In addition to this funding round, tech powerhouses Microsoft and Nvidia have previously said they would invest $10 billion and $5 billion, respectively, in Anthropic.
