GIC Announces $1.9 Billion Investment in AI Start-up Anthropic

GIC, Singapore's sovereign wealth fund, has committed to investing $1.9 billion in the artificial intelligence start-up Anthropic. This significant investment highlights GIC's strategic focus on AI technology and innovation. The announcement coincides with a market day where Singapore stocks opened lower, with the STI down 0.5%. Key stocks such as SingPost, UOB, DBS, and Yangzijiang Shipbuilding also saw declines.

Latest News

01-19
Sequoia to Join GIC, Coatue in Anthropic Investment, FT Reports
Sequoia to Join GIC, Coatue in Anthropic Investment, FT Reports
01-19
SG Morning Call | GIC to Invest $1.9 Billion in AI Start-up Anthropic
SG Morning Call | GIC to Invest $1.9 Billion in AI Start-up Anthropic

User Discussion

$SK Telecom(SKM)$ I am long SK Telecom- see my post for the investment thesis. I see a short term trading opportunity with 30% upside and little to no downside risk.
$SK Telecom(SKM)$ Sleepy Telco to AI Champion- back door Anthropic exposure for free !  Hidden value from a highly successful 2023 investment in Anthropic is turning SK Telecom from a boring no growth telco, to an exciting AI play, see below for how this is available for free at the current valuation. All numbers used here are in USD for easy comparison with the USD traded ADR, but the underlying figures are in KRW. SK Telecom is a mature, sleepy telco- analysts expect ~US3.4bn