Blackstone has expanded its investment in artificial intelligence startup Anthropic PBC, bringing its total stake in the OpenAI rival to around $1bn at the company’s current $350bn valuation, according to a report by Bloomberg.
The world’s largest alternative asset manager is contributing an additional $200m as part of Anthropic’s ongoing funding round, which has already exceeded its initial $10bn target amid strong investor demand. The round also includes major commitments from Coatue Management, Singapore’s GIC, Iconiq Capital, and strategic investors Nvidia and Microsoft, with Abu Dhabi’s MGX reportedly close to joining.
Blackstone’s new investment is being drawn primarily from its retail-focused Blackstone Private Equity Strategies Fund (BXPE). The move comes less than a year after the firm participated in Anthropic’s prior $13bn raise at a $183bn valuation.
According to Bloomberg, representatives for Blackstone and Anthropic declined to comment on the contribution to the funding round, which has not yet officially closed.
