- Earlier this week, Anthropic received a $2.5 billion, five-year revolving credit line.
- Annualized revenue reached $2 billion in the first quarter, the company confirmed, more than doubling from a $1 billion rate in the prior period.
- OpenAI announced a $4 billion credit facility last October.
Earlier this week, Anthropic received a $2.5 billion, five-year revolving credit line to amp up its liquidity in an ever-expanding — and expensive — competition in the industry.
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WATCH HEREAnthropic, founded by former OpenAI research executives, launched its Claude chatbot in March 2023.
The company its latest funding round in March at a $61.5 billion valuation, and the new credit facility adds to that. The company said it plans to use it to strengthen its balance sheet and invest as it scales rapidly.
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SIGN UP Annualized revenue reached $2 billion in the first quarter, the company confirmed, more than doubling from a $1 billion rate in the prior period. Revenue chief Kate Jensen said in a recent interview with C온라인카지노사이트 that the number of customers spending more than $100,000 annually with Anthropic from a year ago.
, , , , , and all participated in the credit facility.
Money Report
Companies are seeking more funding and liquidity than ever before as the AI arms race intensifies.
The generative AI market is poised to in revenue within a decade. Companies from and to Anthropic and Perplexity are racing to announce new products and features, especially as the race to build "" intensifies.
"This revolving credit facility provides Anthropic significant flexibility to support our continued exponential growth," Krishna Rao, Anthropic's finance chief, said in a statement. "The backing of these global financial institutions is a testament to the strength of our business and the resonance of our mission."
OpenAI announced similar news , when C온라인카지노사이트 reported it had received a $4 billion revolving line of credit. The influx brought the company's total liquidity to more than $10 billion and came soon after it closed a at a then-valuation of $157 billion.
JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, , , , and all participated. OpenAI's base credit line is $4 billion, with an option to increase it by an additional $2 billion.
