Anthropic is set to raise about USD 20bln from venture capitalists and other investors, double the amount it had targeted in a sign of surging investor enthusiasm for the high-profile AI start-up, FT reports

Anthropic is set to raise about USD 20bln from venture capitalists and other investors, double the amount it had targeted in a sign of surging investor enthusiasm for the high-profile AI start-up, FT reports.

Anthropic's plan to raise around USD 20 billion from investors, doubling its initial target, signals a significant increase in investor confidence in the AI sector. This enthusiasm could lead to increased valuations in tech and AI-related equities, and may provoke further investment activity across the industry, impacting related sectors and the broader market sentiment.