AI startup Anthropic is reportedly seeking funding from Middle Eastern investors to potentially increase its valuation to over $150 billion. This follows a trend of AI companies looking to the Middle East to finance the expensive development of new AI models.
Anthropic, known for its focus on AI safety and its Claude chatbot, aims to secure between $3 billion and $5 billion in funding. This investment would support the company's growth and help it compete with other major players in the AI market. Middle Eastern investors are showing increased interest in diversifying their portfolios with technology investments, particularly in AI.
Several Middle Eastern countries have launched AI initiatives and funds, signalling a commitment to becoming leaders in the AI landscape. This includes investments in AI infrastructure, data centres, and the development of Arabic large language models.
