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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.