Anthropic plans to raise $10 billion at a valuation of $350 billion

Mars Finance reports that artificial intelligence startup Anthropic plans to raise $10 billion in a new funding round, valuing the company at $350 billion before new investments. Sources say that Singapore’s sovereign wealth fund GIC and Cotai Management are expected to lead this funding round. The financing is expected to be completed within the next few weeks, with the total transaction amount subject to change. The company raised $13 billion in a funding round last September, at which time its valuation nearly tripled to $183 billion.