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Key Points
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Anthropic raised $13 billion in a funding round, tripling its valuation to $183 billion.
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Amazon, which has a strategic partnership with Anthropic, invested $8 billion in the company.
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Anthropic’s run-rate revenue improved from $1 billion to $5 billion, indicating a projected annual growth rate of about 700%.
On September 19, 2023, Anthropic closed a funding round led by Iconiq Capital, increasing its valuation from $61.5 billion to $183 billion in just six months. This move positions Anthropic as a strong competitor to OpenAI. Amazon’s $8 billion investment in the company is expected to yield substantial returns as Anthropic plans to utilize Amazon Web Services (AWS) for its AI infrastructure, potentially spending up to $5 billion on AWS next year.
The funding marks a significant moment in the AI sector, reflecting heightened investor interest. The partnership is mutually beneficial, as Anthropic aims to leverage Amazon’s cloud capabilities while providing Amazon with a broader market for its AI products, including Trainium and Inferentia chips.
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