Sequoia’s big bet on Anthropic

Venture capital powerhouse Sequoia Capital is preparing to invest in Anthropic, the AI startup best known for its Claude family of large language models, in one of the largest private funding rounds in tech this year. The deal is being led by Singapore’s GIC and U.S. investor Coatue, each contributing roughly $1.5 billion, as part of a planned raise of $25 billion or more at a staggering $350 billion valuation. This move stands out for two reasons: the size and speed of the valuation surge and the fact that Sequoia, already an investor in rival AI builders such as OpenAI…

This story continues at The Next Web