In 2021, veterans of ChatGPT’s mother or father OpenAI based a brand new AI startup that may rapidly rival the corporate.
Anthropic, the San Francisco-based AI startup and rival to ChatGPT, is near including $300 million to its dry powder, The New York Instances reported.
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That might carry the corporate’s whole valuation to $5 billion. Anthropic beforehand raised $704 million throughout Collection A and Collection B funding rounds in 2022, in accordance with Crunchbase knowledge (a lot of that Collection B was bankrolled by Sam Bankman-Fried, the disgraced FTX founder).
The AI arms race
Anthropic and its AI chatbot, Claude, are using on the coattails of Silicon Valley’s newest obsession with AI that began in November, when OpenAI launched the brand new and improved ChatGPT.
Anthropic goals to do the identical. The chatbot is in closed beta mode, however in a paper detailing its targets, Claude is anticipated to fight dangerous prompts by explaining why they’re harmful or misguided.
Per Crunchbase knowledge, funding within the AI area has accounted for round 10% of all enterprise funding lately. Whereas a number of industries buckled amid the funding dry spell in 2022, AI flourished in its second greatest funding yr ever. Funding in startups that used AI-related descriptors far outpaced these with Web3 descriptors, which was as soon as the apple of Silicon Valley’s eye.
Cohere, a Canada-based pure language processing startup that was based in 2019, has raised round $170 million in two collection. DeepMind, a London-based AI startup that was based in 2010, was acquired by Alphabet in 2015 and is constructing an NLP mannequin just like ChatGPT.
As buyers scramble to seize a chunk of refined, AI-powered language processing fashions, OpenAI is making strategic strikes to make sure it’s adopted earlier than the competitors. The Data lately reported that OpenAI is investing in startups, notably these that can use its language processing networks.
Illustration: Dom Guzman
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