Sources: Sequoia is planning a big investment in Anthropic, joining a round led by GIC and Coatue, which are investing $1.5B each; Anthropic aims to raise $25B+
Silicon Valley investor to write first cheque for AI start-up after recent leadership overhaul
The reason for this is that Anthropic is the closest one to a business model: assisted coding. They have real satisfied customers using it in real world environments successfully. [embedded post]
What happened to the “up to $15bn” from Microsoft and NVIDIA? Did it go the way of OpenAI's fictional $100bn investment from NVIDIA? Most of the post-2018 VC vintages are underwater, and at this valuation, what, that's a 2x multiple? These companies stink! [embedded post]
Thing is, code tools have never been the basis of a durable, profitable business on a scale that would justify a $multibillion valuation. They tend to be $100-200m businesses that last 4-5 years, then get bulldozed by shifts in languages and new design schemas.