"The thought process is building AI products for billions of Indians, as well as supporting AI products built in India for global markets," Prayank Swaroop, a partner at Accel, told TechCrunch. India is an appealing market with the world's second-largest internet and smartphone base after China and its deep engineering talent. Still, it's also country that lacks frontier model development and hasn't produced many companies pushing the technical frontier of AI, where development remains concentrated in the U.S. and China.
Anthropic has closed a deal to raise $13 billion from investors in a new funding round that nearly triples its valuation to $183 billion, including dollars raised a larger-than-expected haul that makes the artificial intelligence company one of the most valuable startups in the world. The financing, one of the largest to date for an AI company, was led by investment firm Iconiq Capital alongside co-leads Fidelity Management and Research Co. and Lightspeed Venture Partners.