Humanity reportedly approaches a $1700 billion valuation, a potential $5 billion round

Humanity is approaching $3 billion to $5 billion in funding, valuering large language model developers at $170 billion. Bloomberg reported.

Iconiq Capital is leading this funding, but there is a possibility that a second lead investor will take part in the transaction. The company is also in talks with the Qatar Investment Bureau, Singapore’s sovereign wealth fund, and GIC.

If confirmed, the transaction will be almost triple the human race’s rating. $61.5 billion It was announced in March after a $3.5 billion funding round led by LightSpeed Venture Partners. Other participants in the final round of startups include Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst, Jane Street, Menlo Ventures, and Salesforce Ventures.

Despite his mission as a safety-oriented AI model developer, Anthropic CEO Dario Amodei recently reported that he confessed in a note to employees. Wiredhe is “not excited” to take money from the dictatorial government’s sovereign wealth fund.

To meet the massive capital requirements of AI models development, the company is forced to turn its eyes to the Middle Eastern capital.

“Unfortunately, I think ‘bad people should not benefit from our success’ is a rather difficult principle to run a business,” Amodai wrote in a leaked memo.

Humanity did not immediately respond to requests for comment.