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AI & Enterprise

Anthropic raises $65 billion in Series H round, valuation rises to $965 billion

Anthropic raised $65 billion in a Series H funding round, lifting its valuation to $965 billion. TechCrunch reported the fundraising is likely to be the company’s last financing before an IPO. The round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue and D1 Capital Partners, with other institutional investors participating. Samsung, SK Hynix and Micron also joined. Anthropic said it will use the funds to expand safety and interpretability research, increase computing and expand products and partnerships.

AI & Enterprise

Enterprise edition \'old guy hardware\' boom

As investment in AI infrastructure accelerates, companies specialising in on-premises hardware are posting strong growth alongside cloud expansion. Hardware makers spanning semiconductors, servers, storage and networking are reporting improved results as AI demand rises. Dell Technologies highlights a strategy centred on upgraded on-premises AI infrastructure and solutions optimised for the tokenomics era. Enterprises are also looking at PCs for local inference while major AI and software players expand offerings, partnerships, acquisitions and investments.

AI & Enterprise

Anthropic-led joint venture buys Fractional AI to step up custom enterprise AI services

An AI services venture jointly funded by Anthropic, Blackstone and Hellman & Friedman has acquired San Francisco-based applied AI services firm Fractional AI, SiliconANGLE reported on May 21. The deal value was not disclosed. The venture is backed by $1.5 billion in total commitments from Anthropic, Blackstone, Hellman & Friedman and Goldman Sachs to help mid-sized companies adopt Claude for core business work.