Anthropic signs term sheet for $10 billion funding round at $350 billion valuation

In a significant development for the artificial intelligence sector, Anthropic has finalized a term sheet for a substantial $10 billion funding round, achieving a staggering valuation of $350 billion. This news was confirmed by CNBC on Wednesday, with Coatue Management and Singapore's sovereign wealth fund GIC at the forefront of this financing initiative. Sources close to the matter, who prefer to remain anonymous due to the sensitive nature of the discussions, indicate that the deal is poised to bolster Anthropic's position in the rapidly evolving AI market. Despite the buzz surrounding this funding, a representative from Anthropic has chosen not to provide any comments. The Wall Street Journal was the first to break the news about this funding round, highlighting the increasing interest and investment in AI technologies. Founded in 2021 by former OpenAI research leaders, including CEO Dario Amodei, Anthropic has garnered attention for its development of the Claude family of large language models. The company has attracted significant investments, notably from Amazon, which has poured billions into its growth. Additionally, Microsoft and Nvidia have recently announced plans to invest up to $5 billion and $10 billion, respectively, showcasing the fierce competition in the AI space. As Anthropic strives to maintain its edge against major players like Google and OpenAI—whose valuation has soared to $500 billion—the company continues to innovate, having released three new models: Claude Sonnet 4.5, Claude Haiku 4.5, and Claude Opus 4.5 in late 2022. This funding round is expected to further enhance Anthropic's capabilities and competitive stance in the AI industry.