Anthropic, a large language model developer, is close to securing $3-5 billion in funding, valuing the company at $170 billion. Iconiq Capital leads the funding round, with a potential second investor joining. Despite ethical concerns, Anthropic has turned to funds from sovereign wealth funds for financial support. CEO Dario Amodei expressed discomfort with this decision in a leaked memo.

Read more at Yahoo Finance: Anthropic reportedly nears $170B valuation with potential $5B round