Abu Dhabi's MGX is reportedly close to reaching an agreement to participate in Anthropic's financing round of over $20 billion.

Insiders say that MGX in Abu Dhabi is close to reaching a deal to participate in the latest round of financing for Anthropic PBC, a startup that holds a significant position in the field of artificial intelligence. Insiders say that MGX is in talks to invest billions of dollars in Anthropic in this round of financing, with the total size of the round expected to exceed $20 billion. An announcement regarding this proposed investment may be made in the coming days. However, a final decision has not yet been made, and the size and structure of the investment may still change. As a competitor to OpenAI, the company originally planned to raise $10 billion, but with a valuation of $350 billion, the current fundraising scale is expected to be more than double the initial size, with strong demand from investors being one of the reasons. It was previously reported that in the latest round of funding, Coatue Management, the Singapore government investment company, and Iconiq Capital have each committed to investing over $1 billion.