Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time.
The funding, announced Thursday, was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. Each of the lead investors put in more than $2 billion, according to people familiar with the matter. Sequoia declined to comment. The other three firms did not respond to a request for comment.
For more, we speak with Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence.
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“Who’s worth more?” Doesn’t matter. Both companies are unprofitable and have no path to profitability.
Also, who wants to go to a shareholder meeting and get Luigied by some unemployed doofus
LM parading as economic saviors……..
xAI spent ~$20 billion building the world’s largest GPU cluster, financed partly through billions in borrowed capital at interest rates as high as 12.5%. They achieved only 11% utilization while losing $2.4 billion in a single quarter. Power alone runs over $100 million annually per 150MW of capacity, cooling requires up to 10 million gallons of water daily, and their power infrastructure JV carries another $550 million in debt at 10.25% interest. So they rented the entire thing to a competitor for $1.25 billion a month — just to cover the bleeding.
I wonder who is going to space every 3 years to upgrade the chips and infrastructure for SpaceX data centers