March 3, 2025:
Anthropic Secures $3.5B to Boost AI Endeavors - AI startup Anthropic raised $3.5 billion at a $61.5 billion valuation, supported by Lightspeed Venture Partners and others. The funds will enhance AI development, expand international reach, and increase research in AI safety. Anthropic recently released the Claude 3.7 Sonnet model, aiming for seamless AI use.
The company expects to burn $3 billion this year, despite growing revenue. To improve profitability, Anthropic launched new tools and apps, and bolstered relationships with Amazon. Founded by ex-OpenAI VP Dario Amodei, Anthropic emphasizes a safety-first approach in AI.
