Anthropic Said to Be Closing In on $300 Million in New A.I. Funding

Anthropic Said to Be Closing In on $300 Million in New A.I. Funding

Despite the excitement, few of these start-ups have a clear plan to make money. That has rarely been a problem in Silicon Valley; past generations of investors poured money into social media sites or mobile apps on the assumption that they would figure out how to turn a profit later.

But that strategy has been less of a sure bet in recent years as start-ups have expanded beyond the tech industry’s bread and butter of selling software or selling ads. Certain businesses, like on-demand delivery, ride-hailing apps and subscription meal kits, took longer to make money than investors hoped or did not make money at all.

Anthropic was founded by a group of people that included several researchers who left OpenAI. Its funding talks stand out because of its earlier backers. The vast majority of its funding came from the disgraced cryptocurrency entrepreneur Sam Bankman-Fried and his colleagues at FTX, the cryptocurrency platform that went bankrupt amid fraud charges last year. That money could be clawed back by a bankruptcy court, leaving Anthropic in limbo.

Add a Comment