OpenAI rival Anthropic is reportedly in talks to raise $2 billion in new capital in a funding round led by Lightspeed Venture Partners.

AI startup Anthropic is near a deal to raise an additional $2 billion at a price that values the company at $60 billion, sources said, months after its $4 billion funding from Amazon .

The Amazon-backed OpenAI rival was valued at $18 billion last year.

The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.

Anthropic may be joining rival OpenAI with its own eye-popping valuation, but the hefty valuations for the two biggest AI startups obscure the fact that, for now, these companies are burning through billions in cash.

AI hyperscaler Anthropic in in advanced talks to raise $2 billion led by Lightspeed Venture Partners at a $60 billion post-money valuation, as first reported by the WSJ. Why it matters: This would make Anthropic the world's seventh most valuable startup,

Anthropic is reportedly in advanced talks to raise another $2 billion in funding. The deal would value Anthropic at $60 billion—more than triple its valuation from a year ago. Amazon has invested a total of $8 billion in Anthropic so far.