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Sequoia Capital is investing in Anthropic, a rival to OpenAI and xAI, valuing the company at $350 billion. The funding round is led by Singapore's GIC and US investor Coatue, with each contributing $1.5 billion. This move goes against Sequoia's tradition of picking one winner in a sector and avoiding competing companies. Anthropic's growing war chest includes commitments from Microsoft and Nvidia, and the company is expanding its global footprint with a new office in Bengaluru.

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