CNBC's MacKenzie Sigalos reports on news regarding Anthropic.

The release of Open AI's ChatGPT has accelerated the development of artificial intelligence and warnings about its impact on society.

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Anthropic, a leading artificial intelligence startup and competitor to OpenAI, is reportedly seeking to more than double its valuation to over $150 billion. According to reports, the company is in discussions with investors in the Middle East, including Abu Dhabi's MGX fund, for a funding round that could raise up to $5 billion. 

Previously, Anthropic had hesitated to accept funding from Gulf sovereign wealth funds, but internal communications indicate a reassessment of this stance as the company scales. The company has experienced significant financial growth, with annual recurring revenue reportedly quadrupling to over $4 billion, largely due to enterprise customers. Anthropic has not yet commented on these reports.

Anthropic doubling valuation to over $150B with Middle East funds

We have some news on this very issue of AI and big company investments. Anthropic is in the news now. Mackenzie Segalos has that for us. What do we learn here? Hey, Scott, so you've got the FT reporting that Anthropic is aiming to more than double its valuation to over $150 billion. Now, the AI startup, seen as a top rival to OpenAI, is reportedly in talks with investors in the Middle East, including Abu Dhabi's MGX fund, about a funding round that could raise up to $5 billion. Now, Anthropic, which is backed by Amazon and Google, has been reluctant to accept money from Gulf sovereign wealth funds in the past. But in a recent staff memo, CEO Dario Amadei warned that doing so might enrich dictators, but also acknowledged the challenge of sticking to that principle while scaling a business. Now, that report also points to Anthropic's annual recurring revenue quadrupling to more than $4 billion this year, driven largely by enterprise customers. We have reached out to Anthropic for comment, but haven't heard back yet.

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Anthropic doubling valuation to over $150B with Middle East funds

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