Dario Amodei, Anthropic’s CEO, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 21, 2025.<\/p>\n
Gerry Miller | CNBC<\/p>\n
Earlier this week, Anthropic received a $2.5 billion, five-year revolving credit line to amp up its liquidity in an ever-expanding \u2014\u00a0and expensive \u2014\u00a0competition in the artificial intelligence<\/a> industry.<\/p>\n Anthropic, founded by former OpenAI research executives, launched its Claude chatbot in March 2023.<\/p>\n The company\u00a0closed<\/a>\u00a0its latest funding round in March at a $61.5 billion valuation, and the new credit facility adds to that. The company said it plans to use it to strengthen its balance sheet and invest as it scales rapidly.<\/p>\n Annualized revenue reached $2 billion in the first quarter, the company confirmed, more than doubling from a $1 billion rate in the prior period. Revenue chief Kate Jensen said in a recent interview with CNBC that the number of customers spending more than $100,000 annually with Anthropic jumped eightfold<\/a> from a year ago.<\/p>\n Morgan Stanley<\/a>, Barclays<\/a>, Citibank<\/a>, Goldman Sachs<\/a>, JPMorgan<\/a>, Royal Bank of Canada<\/a> and Mitsubishi UFJ Financial Group<\/a> all participated in the credit facility.<\/p>\n Read more CNBC reporting on AI<\/p>\n Companies are seeking more funding and liquidity than ever before as the AI arms race intensifies. <\/p>\n The generative AI market is poised to\u00a0top $1 trillion<\/a>\u00a0in revenue within a decade. Companies from\u00a0Google<\/a>\u00a0and\u00a0Amazon<\/a>\u00a0to Anthropic and Perplexity are racing to announce new products and features, especially as the race to build “AI agents<\/a>”\u00a0intensifies.<\/p>\n “This revolving credit facility provides Anthropic significant flexibility to support our continued exponential growth,” Krishna Rao, Anthropic’s finance chief, said in a statement. “The backing of these global financial institutions is a testament to the strength of our business and the resonance of our mission.”<\/p>\n OpenAI announced similar news in October<\/a>, when CNBC reported it had received a $4 billion revolving line of credit. The influx brought the company’s total liquidity to more than $10 billion and came soon after it closed a funding round<\/a>\u00a0at a then-valuation of $157 billion.<\/p>\n JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo<\/a>, SMBC<\/a>, UBS<\/a>, and HSBC<\/a> all participated. OpenAI’s base credit line is $4 billion, with an option to increase it by an additional $2 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"Dario Amodei, Anthropic’s CEO, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on…\n","protected":false},"author":2,"featured_media":106919,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3163],"tags":[323,1942,31988,3083,3085,48930,751,20957,29934,7992,48929,7993,48928,20208,48927,48926,53,13733,16,15,7990],"class_list":{"0":"post-106918","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-barclays-plc","11":"tag-breaking-news-technology","12":"tag-business-news","13":"tag-citigroup-inc","14":"tag-generative-ai","15":"tag-goldman-sachs-group-inc","16":"tag-hsbc-holdings-plc","17":"tag-jpmorgan-chase-co","18":"tag-mitsubishi-ufj-financial-group-inc","19":"tag-morgan-stanley","20":"tag-royal-bank-of-canada","21":"tag-sam-altman","22":"tag-southern-missouri-bancorp-inc","23":"tag-sumitomo-mitsui-financial-group-inc","24":"tag-technology","25":"tag-ubs-group-ag","26":"tag-uk","27":"tag-united-kingdom","28":"tag-wells-fargo-co"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114518871437857776","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/106918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=106918"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/106918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/106919"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=106918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=106918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=106918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}