20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Anthropic, a prominent competitor to OpenAI in generative artificial intelligence, is securing additional funding despite having already raised billions of dollars.
The AI startup is currently discussing with potential investors, including Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, for a new $2 billion funding round. This development follows Amazon.com Inc's (NASDAQ: AMZN) recent commitment to invest up to $4 billion in the company.
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The startup aims to achieve a valuation ranging from $20 billion - $30 billion post-funding, a significant leap from its $4 billion valuation in March.
Anthropic is known for its generative AI models, including Claude 2, a chatbot comparable to ChatGPT.
However, the company's ambition doesn't stop there; it plans to develop Claude Next, a more advanced model requiring substantial capital due to its resource-intensive nature.
To offset the high operational costs of its AI models, Anthropic introduced Claude Pro, a paid subscription service offering users enhanced messaging capabilities and priority access during peak times.
The company's need for extensive funding is underscored by its plans to make Claude Next ten times more powerful than any existing AI system, necessitating computing infrastructure capable of delivering 10 septillion FLOPs of performance.
As Anthropic seeks to solidify its position in the AI landscape in 2023, collaborations with cloud computing giants like Amazon and potentially Google highlight the mutual benefits for AI startups and cloud infrastructure providers.
These partnerships provide the immense computing resources required for advanced AI development while offering cloud providers diverse AI workloads to expand their businesses.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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