Microsoft-Backed Anthropic Hits $380B Valuation and Leads Digital Trust Alliance
Microsoft-backed AI developer Anthropic secured $30 billion in Series G funding at a $380 billion valuation, underscoring intensifying AI competition. Microsoft and Ericsson launched a global digital trust alliance, while a commentary warns Big Tech valuations could face GE-like declines.
1. Anthropic Series G Funding
Anthropic closed a $30 billion Series G round, doubling its valuation to $380 billion. Microsoft is among the lead investors, reinforcing its strategic bet on advanced AI models and signaling heightened competition in the cloud and AI markets.
2. Formation of Global Digital Trust Alliance
Microsoft and Ericsson announced the launch of a global digital trust alliance to develop interoperable standards for data security and identity verification. The initiative aims to bolster enterprise confidence in cloud services and elevate Microsoft’s position in cybersecurity offerings.
3. Valuation Risks Highlighted by GE Comparison
An analysis warns that lofty Big Tech valuations, including Microsoft’s, could suffer a correction reminiscent of GE’s downturn. Investors may reassess growth multiples, potentially increasing volatility in Microsoft’s share price.