GIC to invest US$1.5 billion in AI start-up Anthropic.

SINGAPORE’S GIC, venture capital firm Sequoia and US investor Coatue will take part in a funding round for Anthropic which aims to raise US$25 billion at a US$350 billion valuation.

Singapore’s sovereign wealth fund GIC and Coatue will contribute US$1.5 billion each for the Claude chatbot-maker.

Last year, Anthropic secured commitments for up to US$15 billion from Microsoft and Nvidia.

Insatiable demand for AI and growing enterprise adoption has driven tech spending higher globally, pushing valuations of AI startups like Anthropic to record levels, even as concerns about an AI bubble loom.

Anthropic last raised US$13 billion in a Series F round that valued the company at US$183 billion, the company said in early September.

Source: Businesstimes