US EditionAnthropic closes $2.5 billion credit facility as Wall Street continues plunging money into AI boom
- Anthropic obtained a $2.5 billion revolving credit facility spanning five years from leading financial institutions such as Morgan Stanley and JPMorgan to strengthen its liquidity.
- This credit facility comes on the heels of Anthropic’s recent fundraising event in March, which placed the company’s valuation at $61.5 billion amid increasing interest in its Claude chatbot.
- In the first quarter, Anthropic’s annualized revenue rose to $2 billion, doubling from the previous period, driven by a substantial growth in the number of clients committing over $100,000 in yearly spending.
- Finance chief Krishna Rao said the credit line provides significant flexibility to support the company’s rapid growth trajectory.
- The credit facility bolsters Anthropic’s financial position and enables growth in the generative AI sector, which is expected to generate revenues surpassing one trillion dollars over the next ten years.
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Wall Street Doubles Down on AI: Anthropic Lands $2.5B Credit Deal - Wall Street Pit
Anthropic secured a $2.5 billion, five-year revolving credit line from major banks including Morgan Stanley (MS) and JPMorgan (JPM), enhancing liquidity for its rapid scaling in the competitive AI industry, following a $61.5 billion valuation in March. The company’s annualized revenue doubled to $2 billion in the first quarter, with…
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