Anthropic Gets Ready to Go Startup Shopping

OpenAI has spent roughly $6.4 billion in stock to buy three startups over the last 16 months, while its smaller rival Anthropic has done barely any deals.

But Anthropic, recently valued at $170 billion in a funding round, told investment bankers in recent weeks that it is getting ready to move off the sidelines and do more acquisitions, according to people who have spoken to its executives. It is considering potential M&A targets that could boost its artificial intelligence models and products as well as the technology underlying them, according to a person close to the company.