Blackstone Joins Anthropic Round, Raising Stake to $1 Billion

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Blackstone Inc. is increasing its investment in artificial intelligence firm Anthropic PBC, elevating its stake to roughly $1 billion at the startup’s current valuation, according to people familiar with the matter.The world’s largest alternative asset manager is investing $200 million at a $350 billion valuation as part of the Anthropic’s ongoing funding round, according to the people, who asked not to be identified because the information is private. Anthropic, maker of the Claude AI models, has already more than doubled its initial $10 billion fundraising target amid excess investor demand.