Anthropic valued in range of $350B following investment deal with Microsoft, Nvidia

Core Insights - Cloudflare experienced a significant outage affecting multiple major websites, highlighting its critical role in internet infrastructure [2][3] - The company has implemented a fix, but some users may still face access issues [2] - Cloudflare routes and protects approximately 20% of global internet traffic, making its outages impactful across various platforms [2][3] Company Developments - Anthropic, an AI startup, is set to receive investments of up to $5 billion from Microsoft and $10 billion from Nvidia, raising its valuation to $350 billion from a previous $183 billion [4][5][6] - This valuation increase positions Anthropic closer to OpenAI's valuation of $500 billion [6] - Anthropic's revenue run rate is around $7 billion, with expectations of profitability by 2028, ahead of OpenAI [8][9] Industry Trends - The recent investments in Anthropic reflect a growing trend of significant capital allocation towards AI infrastructure and cloud computing [4][10] - The competition among AI companies is intensifying, with Anthropic focusing on building its own infrastructure similar to OpenAI [10][11] - The scale of investments in the AI sector is substantial, with Google recently committing to a $93 billion annual capital expenditure [11]