Anthropic will raise $26 billion through a private placement deal with investors such as Alphabet's Google, Microsoft, Nvidia, Broadcom and Advanced Micro Devices.
"We have entered into an agreement with each of Advanced Micro Devices, Inc., Broadcom Inc., Google LLC (funding a portion of its previously committed investment obligations under the Google 2026 NPA (as defined below)), Micron Technology, Inc., Microsoft Corporation, NVIDIA Corporation, and TSMC Partners, Ltd., pursuant to which they have agreed, severally and not jointly, to purchase an aggregate of $26.0 billion of our Class N common stock in a private placement at a price per share equal to the initial public offering price," Anthropic said in its latest filing.
The $26 billion private placement is a part of Anthropic's total fundraising of around $90.4 billion, with existing investors looking to sell 825 million shares to raise up to $64.4 billion.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
(This is a developing story.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
