Anthropic, a leading artificial intelligence company, has secured a $2.5 billion, five-year revolving credit line to enhance its liquidity amid the competitive and costly generative AI industry. This financial move follows the company's valuation of $61.5 billion in March and comes as the AI market is projected to reach $1 trillion in revenue within the next decade. Anthropic reported annualized revenue of $2 billion in the first quarter of 2025, doubling from $1 billion in the same period in 2024. The credit facility highlights ongoing substantial investment from Wall Street into the AI sector, with OpenAI having announced a similar $4 billion credit line in October 2024.
BREAKING: Anthropic secures a $2.5B revolving credit line to boost liquidity in the competitive AI industry, CNBC reports. The move follows a $61.5B valuation in March. The AI market is set to reach $1 trillion in revenue within a decade. #AI #FinanceNews
Anthropic, a tech company, has secured a $2.5 billion credit line this week, according to CNBC.
Anthropic closes $2.5 billion credit facility as Wall Street continues plunging money into AI boom https://t.co/kmd6Vfhyrj