Anthropic, a startup known for its GenAI chatbot Claude, was valued at around $18 billion after a fundraise led by Menlo Ventures in 2024. The company, co-founded by Dario and Daniela Amodei, had previously received investments from Amazon.com, which doubled its stake to $8 billion, and Alphabet, which invested $500 million with plans for an additional $1.5 billion. This investment comes as the tech industry is racing to capitalize on generative artificial intelligence technology, following the launch of Microsoft-backed OpenAI's ChatGPT in 2022.
https://channelnewsasia.com/business/anthropic-raise-2-billion-deal-valuing-ai-startup-60-billion-wsj-says-4843691OpenAI has announced the launch of its new artificial intelligence model, o3, which is designed to perform more advanced human-like reasoning than its current offerings. The model spends more time computing an answer before responding to user queries, allowing it to solve complex multi-step problems. This move marks a significant development in the field of AI and intensifies competition with rival Google, led by Alphabet Inc.
https://news.bloomberglaw.com/private-equity/openai-unveils-more-advanced-reasoning-model-in-race-with-google