After backing OpenAI and xAI, Sequoia set to back another rival, Anthropic

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Anthropic's funding round is being led by Singapore's sovereign wealth fund GIC and US investor Coatue. Each fund will contribute $1.5 billion to Anthropic's raise, which is targeting $25 billion or more. The round is expected to double the Claude-maker's $183 billion valuation from September's Series F round.