Related News

These United States: On the record

While Thomas Edison’s cylinders were the first to play recorded sound, they were impractical – leading Emile Berliner to come up with a better way to play music: The gramophone,

Elon Musk’s SpaceX to launch Falcon 9 on February 2 from Vandenberg |

Elon Musk’s SpaceX to launch Falcon 9 on February 2 from Vandenberg SpaceX is preparing to launch a Falcon 9 rocket carrying 25 Starlink satellites to low Earth orbit from

How long does it take the sun to rotate on its axis |

The Sun turns, but not in the way a solid object would. It has no hard surface, no fixed edge to follow. What scientists describe as solar rotation comes from

How nature fills coconuts with fresh water before they even fall from the tree |

A coconut may seem like a simple tropical fruit, but it is actually a well-designed natural packaging. You will be surprised to know that the water inside a coconut is

NASA delays Artemis II wet dress rehearsal due to bad weather |

NASA delays Artemis II wet dress rehearsal due to bad weather (IANS) NASA has delayed a key prelaunch test for its Artemis II mission after bad weather affected conditions at

NASA’s Perseverance discovers white kaolinite rocks on Mars, revealing millions of years of rainfall and wet conditions |

Bright white rocks. Scattered across the rusty red plains of Mars. NASA’s Perseverance rover spotted them in Jezero crater which the scientists have been staring at them ever since. At

Anthropic in talks to raise fresh capital at $170 billion valuation

Word Count: 262 | Estimated Reading Time: 2 minutes

Anthropic to be valued at $170B in Iconiq-led funding

Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed.

The OpenAI competitor has been reeling in billions of dollars at a rapidly increasing valuation reflecting investors’ thirst for a piece in the fastest growing AI companies. In March, Anthropic closed a $3.5 billion round at a $61.5 billion, led by Lightspeed Venture Partners.

Bloomberg was first to report on the latest talks, which CNBC confirmed with a person familiar with the matter who asked not to be named due to confidentiality. Late last week, the Financial Times pegged Anthropic’s upcoming valuation at closer to $150 billion, following talks with a number of investors from the Middle East.

A leaked memo shared with Wired indicates that Anthropic CEO Dario Amodei is reversing course on Middle East funding. He wrote that it’s become “substantially harder to stay on the frontier” of AI development without tapping Gulf sovereign wealth, despite previously warning about the national security risks of granting “soft power” to authoritarian regimes.

CNBC reported last year that Anthropic was refusing to take funds from Saudi Arabia as it lined up new investors.

Rivals are also turning to the Middle East. OpenAI still has $30 billion left to raise as part of its planned $40 billion round, and is working with Emirati firm G42 to build a massive data center in Abu Dhabi. OpenAI’s latest funding valued the company at about $300 billion.

WATCH: Middle East is becoming a leader in tech investment: Constellation Research