AI powerhouse Anthropic, the creator of AI chatbot Claude, is set to raise $20 billion in new investment from venture capital firms and other investors, the Financial Times reported, in a deal that would value the company at $350 billion.
The San Francisco-based company had targeted a $10 billion investment round, people familiar with the matter told the FT, but it quickly became clear that investors are hungrier for AI than expected.
Between $10 billion and $15 billion in new capital will be received as early as Tuesday, with the remainder finalized in the coming weeks. The operation is led by Singaporean sovereign wealth fund GIC and American investor Coatue, with Sequoia Capital also making a significant contribution.
Bitcoin miners who have moved more toward AI and high-performance computing (HPC) infrastructure saw major gains Tuesday alongside the news. IREN (IREN) and Cipher Mining (CIFR) are each higher by more than 12%, with Hut 8 (HUT) and TeraWulf (WULF) posting gains of more than 8%.
AI Near Protocol Linked Token is also slightly higher.
In addition to this funding round, tech powerhouses Microsoft and Nvidia previously announced they would invest $10 billion and $5 billion, respectively, in Anthropic.
