New Delhi, Jan. 19 -- Sequoia Capital is reportedly joining a huge funding round for the artificial agency company Anthropic, where it is planning to raise $25 billion or more, according to a Financial Times report.

This news comes as a surprise as the VC group is currently backing Anthropic's rivals like OpenAI and Elon Musk owned xAI. Historically venture firms do not invest in competing companies while backing a firm from a similar sector, they usually choose one to avoid conflicting interests.

Th report said that in the funding round led by Singaporean sovereign wealth fund GIC and US investor Coatue, which are contributing $1.5bn each.

It also said that the Claude maker was aiming to raise in total a deal that doubles the value of...