Business news summaries
Anthropic hits a $380B valuation as it heightens competition with OpenAI Artificial intelligence company Anthropic says it is now valued at $380 billion. The maker of the chatbot Claude says its valuation grew after it raised a $30 billion round of funding led by Singapore’s sovereign wealth fund GIC and the U.S.-based investment firm Coatue, along with dozens of other major investors. The surge of investment cements Anthropic's position alongside rival OpenAI and Elon Musk’s SpaceX in a trio of the world’s most valuable startups that investors will be watching closely this year ...