Anthropic announced it is raising twice the amount originally planned, increasing its target from $10 billion to $20 billion. The expanded round aims to bring the company’s valuation to $350 billion and includes investors such as Sequoia Capital, Singapore’s sovereign wealth fund, and Coatue. The move follows a prior $13 billion raise that set a $183 billion valuation and follows reports that the firm is preparing for an initial public offering later this year. Read more →