Anthropic value soars to $900bn on value of AI chatbot Claude
Anthropic is set to leapfrog rival OpenAI in a fund-raising round that values the maker of the Claude AI chatbot at almost $900billion (£675billion).
The deal, which is expected to be signed later this month, follows a dramatic period of growth for Anthropic’s AI tools.
It is another boost for investors in Scottish Mortgage Investment Trust, which has a stake in Anthropic and this week revealed its holding in Elon Musk’s rocket company SpaceX was worth £3billion.
Scottish Mortgage fund manager Tom Slater said Anthropic, which he bought into last September, and SpaceX were among firms that are ‘growing revenues’ and are ‘a proven market fit’.
He added: ‘We live in a world constrained by access to intelligence. If a company can supply intelligence on an industrial scale, boost global productivity and capture some of the value it creates, then it ought to be able to grow bigger by an order of magnitude.’
Anthropic sent shockwaves through the cybersecurity world last month by claiming Mythos, its latest version of Claude, had independently found bugs in every major operating system and internet browser, some of which dated back to the last century.
Boost: Anthropic is set to leapfrog rival OpenAI in a fund-raising round that values the maker of the Claude AI chatbot at almost $900bn
OpenAI, which owns the ChatGPT bot, was valued at $852billion (£640billion) in its latest funding round.
Anthropic was set up by Dario Amodei in 2021 after he left OpenAI following reports of a feud with his former boss Sam Altman.
Both companies are still privately owned but have gained from the AI-fuelled boom in tech firms whose shares trade on the stock market.
AI chip designer Nvidia cemented its position as the world’s largest quoted company after its valuation surged this week to $4.7trillion (£3.5trillion) – more than the entire annual output of the UK economy.
The surge in tech valuations is good news for Scottish Mortgage Investment Trust, whose largest holding is in SpaceX, which accounts for 17.9 per cent of its portfolio.
The £16billion investment trust has valued its stake in Elon Musk’s rocket firm at nearly £3billion, ahead of what is expected to be one of the biggest stock market flotations in history this summer.
The valuation is about 19 times greater than its original investment and is based on SpaceX fetching a conservative $1.25trillion – some $500billion lower than what it is widely reported to be worth.
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