Reported about 11 hours ago
Anthropic has successfully closed a $2.5 billion revolving credit line to enhance its liquidity in the competitive artificial intelligence sector, as reported by CNBC. Founded by former OpenAI executives, Anthropic's funding further solidifies its valuation at $61.5 billion and supports its ongoing development of AI products, including its Claude chatbot. The surge in generative AI is projected to exceed $1 trillion in revenue in the next decade, prompting companies like Google, Amazon, and Microsoft-backed OpenAI to invest similarly in expanding their capabilities.
Source: YAHOO