Anthropic Said to Be Closing In on $300 Million in New A.I. Funding

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  • Anthropic Said to Be Closing In on $300 Million in New A.I. Funding - The New York Times
    https://www.nytimes.com/2023/01/27/technology/anthropic-ai-funding.html

    Silicon Valley has been gripped by a frenzy over start-ups working on “generative” A.I., technologies that can generate text, images and other media in response to short prompts. This week, Microsoft invested $10 billion in OpenAI, the San Francisco start-up that kicked off the furor in November with a chatbot, ChatGPT. ChatGPT has wowed more than a million people with its knack for answering questions in clear, concise prose.

    Even as funding for other start-ups has dried up, investors have chased deals in similar A.I. companies, signaling that the otherwise gloomy market for tech investing has at least one bright spot.

    Other funding deals in the works include Character.AI, which lets people talk to chatbots that impersonate celebrities. The start-up has held discussions about a large round of funding, according to three people with knowledge of the situation.

    Replika, another chatbot company, and You.com, which is rolling out similar technology into a new kind of search engine, said they, too, had received unsolicited interest from investors.

    All specialize in generative A.I. The result of more than a decade of research inside companies like OpenAI, these technologies are poised to remake everything from online search engines like Google Search and Microsoft Bing to photo and graphics editors like Photoshop.

    The explosion of interest in generative A.I. has investors and start-ups racing to choose their teams. Start-ups want to take money from the most powerful investors with the deepest pockets, and investors are trying to pick winners from a growing list of ambitious companies.

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