OpenAI Backed Harvey AI Takes Another Step

Harvey AI's Series B shows valuations are a bit in wishful thinking land

Hey Everyone,

Companies related to OpenAI are having remarkably high valuations in recent times? 🤔 Amazon and Google backed Anthopric, a splinter startup of OpenAI thinks its worth $15 (more like $18 after) billion not including the investment, more than three times its valuation this spring, according to two people with direct knowledge of the matter.

On the back of a Generative A.I. bull market that saw an 8-week jump in the NASDAQ 100 to all-time highs, I understand Gen AI is top of mind for Santa Claus rallies, but still!

Well the hype is certainly unprecedented since a spike in research progress since around 2016. We first got wind of Harvey AI back in November, 2022 when Harvey, which uses AI to answer legal questions, landed cash from OpenAI. If Anthorpic is in recent times seeking yet another $750 million, Harvey AI was a bit like the star startup of OpenAI’s Startup fund of year one.

So, here we go again.