BUSINESS

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BUSINESS

OpenAI rival Anthropic to raise $750M

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Anthropic's massive funding

AI startup Anthropic, founded by siblings Dario and Daniela Amodei, is set to raise $750 million in a funding round led by Menlo Ventures.

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Tech giants invest

With an $18.4 billion valuation, the company has already attracted investments from tech giants Google and Amazon.

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AI supremacy race

Anthropic's Claude AI models are competing with OpenAI's GPT series in the race for AI supremacy.

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Merger discussions

Interestingly, earlier in November, OpenAI's board approached Anthropic CEO Dario Amodei about potentially merging the two start-ups.

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Fierce AI rivalry

The fierce rivalry between the companies highlights the ongoing battle for leadership in the AI industry.