Anthropic Has Floated $40 Billion Valuation in Funding Talks

Anthropic, OpenAI’s largest startup competitor, has started talking to investors about raising capital in a deal that could value the startup at $30 billion to $40 billion, roughly doubling its valuation from a funding that closed early this year, according to an existing investor who spoke to company leaders.

Anthropic, which generates revenue from selling access to its Claude conversational artificial intelligence, is taking the temperature of investors in the wake of OpenAI’s pending deal to raise between $5 billion to $7 billion at a valuation of around $150 billion, nearly double the ChatGPT maker’s valuation from a share sale that closed around the first quarter of this year.