Search results for Krishna Rao
AI & Enterprise
How retail investors can gain pre-IPO exposure to Anthropic via ETFs and funds
As generative AI company Anthropic remains private, ETFs and closed-end funds are drawing attention as routes for retail investors seeking pre-IPO exposure. The article notes that these products do not invest directly in Anthropic, so investors should check how much of their money is allocated to the stake, along with costs and liquidity. Several ETFs and closed-end funds are cited as holding Anthropic, but portfolio weights can be limited.
AI & Enterprise
Anthropic says AI writes over 90 percent of in-house code; office roles also shifting
More than 90 percent of in-house code at U.S. AI company Anthropic is written by AI, and most financial reporting work is also being automated, Business Insider reported. Chief Financial Officer Krishna Rao said office work is shifting away from execution toward oversight, judgement and strategy. Monthly financial reviews are largely prepared before human sign-off, and some internal reports have been cut from hours to 30 minutes.
AI & Enterprise
Anthropic raises $30 billion at $380 billion valuation
Anthropic has raised $30 billion in a funding round valuing the company at $380 billion, CNBC reported on Wednesday. It was the second-largest private company funding round on record after OpenAI raised $40 billion last year under SoftBank’s lead. Coatue and Singapore sovereign wealth fund GIC led the round, with D.E. Shaw Ventures and other investors participating. Microsoft and Nvidia plan investments of up to $5 billion and $10 billion, respectively.