Inside the Funding Frenzy at Anthropic, One of A.I.’s Hottest Start-Ups

I personally believe Anthropic’s Claude 2 AI chatbot is the best of the lot. The New York Times details how their current round of funding is going:

Few companies better illustrate that shift than Anthropic, which makes a chatbot called Claude and sells various forms of its A.I. technology. Over the last year, the start-up’s valuation has tripled to $15 billion, three people with knowledge of its finances said. It hit roughly $8 million in monthly revenue last year and expects that to grow by around eightfold this year, two of the people said.

Other A.I. start-ups, including OpenAI, Character.AI and Cohere, have struck similar kinds of investment deals as they race to collect the most money, form the most lucrative partnerships, hire the best talent and get access to the most computer chips. OpenAI recently completed a deal that values it at $80 billion or more.

Investors cannot afford to lose out on the action because “if you miss the winner in the space, you’re kind of out of the game,” said Ilya Strebulaev, a finance professor at Stanford.

It’s a tale of technology – and FOMO frenzy. Read it here.

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