Technology
Sequoia to invest in Anthropic, breaking VC taboo on backing rivals: FT
Originally published on TechCrunch
Sequoia Capital is reportedly joining a blockbuster funding round for Anthropic, the AI startup behind Claude, according to the Financial Times. It’s a move sure to turn heads in Silicon Valley.
Why? Because venture capital firms have historically avoided backing competing companies in the same sector, preferring to place their bets on a single winner.
This article continues with more details and analysis.
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