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Anthropic's Ambitious $2 Billion Fundraising Bid Attracts Google and Amazon

Anthropic, a formidable rival to OpenAI, sets its sights on raising an additional $2 billion from Google and other firms
By Josefina Dipaolo
October 6, 2023

In the ever-evolving world of tech investments, Anthropic is making waves with its ambitious goal of raising a staggering $2 billion in a new funding round. The company, already backed by Amazon.com Inc., is now in discussions with tech Google and other investors to secure this substantial investment.

Anthropic, a notable player in the world of AI, has set its sights on achieving a valuation ranging from $20 billion to $30 billion with this anticipated funding round. This revelation follows Amazon.com Inc.'s recent commitment of up to $4 billion to support Anthropic, underlining the growing interest in the company's innovative approach to artificial intelligence.

This development holds particular significance for FTX and its investors. FTX, in collaboration with its affiliated hedge fund, Alameda, made a strategic investment of $500 million in Anthropic. Initially met with uncertainty during Anthropic's bankruptcy proceedings, this investment is now poised to potentially generate substantial returns.

FTX's $500 million stake in Anthropic, once a source of speculation, now appears to be a shrewd move. The upcoming funding rounds for Anthropic are expected to significantly increase the company's valuation, ultimately boosting the value of FTX's stake.

Kris Marszalek, co-founder and CEO of Crypto.com, believes that if FTX's liquidators act wisely in the interest of creditors, the Anthropic investment could greatly enhance the chances of recovery, possibly even leading to a full recovery.

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