Salesforce's Stake in AI Firm Anthropic Reaches $5 Billion
By
Laura Bratton
Summary
Salesforce's stake in AI company Anthropic has reached approximately $5 billion following multiple investments and Anthropic's latest funding round. Bloomberg first reported the stake value on Monday, and Salesforce's stock rose nearly 10% that same day, though it remains down 21% year-to-date.
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Key quotes
· 3 pulledSalesforce’s stake in frontier AI model provider Anthropic has reached a roughly $5 billion following multiple investments and Anthropic’s latest funding round, according to a person with direct knowledge of the matter.
Bloomberg first reported the value of Salesforce’s stake in Anthropic on Monday.
Salesforce stock rose nearly 10% the same day, narrowing its year-to-date loss to 21%.
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