(Reuters) -AI startup Anthropic is in advanced talks to raise $2 billion in a deal valuing the OpenAI rival at $60 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

AI start-up Anthropic is nearing a deal to raise $2bn, a move that would place the three-year old company at a $60bn valuation.

CNBC and the Wall Street Journal cited sources as saying that investment could value the company at $60 billion. That’s more than three times the valuation Anthropic received last year in a funding round led by Menlo Ventures. Lightspeed Venture Partners is said to be leading the company’s latest raise.

AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.