"As part of OpenAI's defense against Musk's lawsuit, Altman addressed rumors about restrictions in OpenAI's 2024 funding round. While he denied that OpenAI investors were broadly prohibited from backing rivals, he did acknowledge that investors with ongoing access to OpenAI's confidential information were told that access would be terminated "if they made non-passive investments in OpenAI's competitors.""
"According to the FT, Sequoia is joining a funding round led by Singapore's GIC and U.S. investor Coatue, who are each contributing $1.5 billion. Anthropic is aiming to raise $25 billion or more at a $350 billion valuation - more than double its $170 billion valuation from just four months ago. The WSJ and Bloomberg had earlier reported the round at $10 billion. Microsoft and Nvidia have committed up to $15 billion combined, with VCs and other investors said to be contributing another $10 billion or more."
Sequoia Capital is joining a large funding round for Anthropic, the AI startup behind Claude, alongside investors including GIC and Coatue. Venture firms have traditionally avoided backing direct competitors, yet Sequoia already holds investments in OpenAI and xAI while now supporting Anthropic. Sam Altman testified that investors with access to OpenAI's confidential information were warned that such access could be terminated if they made non-passive investments in competitors. The proposed Anthropic round targets roughly $25 billion at about a $350 billion valuation, with Microsoft and Nvidia pledging significant commitments and other investors adding substantial capital.
Read at TechCrunch
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