The startup is now valued at round US$380 billion
Singapore’s sovereign wealth fund GIC has led an enormous US$30 billion Sequence G funding spherical in US-based synthetic intelligence (AI) agency Anthropic. The startup is now valued at round US$380 billion, and it’s one of many largest personal fundraises in tech up to now.
In accordance with a press launch, the deal underscores an elevated urge for food from world traders for frontier AI firms as competitors within the house accelerates.
Based by former OpenAI researchers in 2021, Anthropic positioned itself as a serious participant in enterprise synthetic intelligence by its Claude household of enormous language fashions. In accordance with Anthropic, demand from enterprises has grown quickly, with firms utilizing Claude for functions starting from coding and analysis to doc evaluation and automation.
The contemporary capital can be channelled into scaling AI analysis, strengthening compute infrastructure, and increasing product capabilities. As AI fashions turn out to be extra highly effective and costly to coach, entry to deep capital reserves is rising as a key aggressive benefit.
The funding additionally builds on GIC’s prior participation in Anthropic’s earlier Sequence F spherical, reflecting the sovereign wealth fund’s long-term funding technique of backing high-growth expertise firms throughout a number of levels.
Announcement got here after Singapore’s Price range 2026 assertion
The funding announcement comes simply after Singapore’s Price range 2026 was made yesterday afternoon (Feb 12), the place Prime Minister Lawrence Wong shared that the federal government has set out plans to harness AI as a strategic benefit for the nation’s financial system, workforce and industries.
PM Wong additionally introduced the creation of a Nationwide AI Council, the place he would personally result in information a cohesive nationwide AI agenda and drive focused missions in sectors like superior manufacturing, finance and healthcare; emphasising actual outcomes over remoted pilots.
Price range 2026 additionally expands help for AI adoption with business-friendly incentives, together with:
- The Enterprise Innovation Scheme can be expanded to incorporate AI expenditures, capped at S$50,000 per 12 months of evaluation for 2027 and 2028.
- The launch of the Champions of AI programme, which is aimed to help corporations with the ambition to make use of AI to comprehensively rework their enterprise.
- The Productiveness Options Grant will now embrace a wider vary of digital and AI-enabled options
- Offering six months free entry to premium AI instruments for Singaporeans who take up chosen AI coaching programs.
As nations race to seize the financial and strategic upside of AI, Singapore is laying each coverage and funding groundwork to be a hub the place cutting-edge AI innovation, enterprise uptake and human capital improvement converge.
- Learn the unique press launch right here.
- Get the most recent Singapore information right here.
Featured Picture Credit score: Bloomberg, PJ McDonnell through Shutterstock.com
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