OpenAI competitor Anthropic announces its most powerful AI yet

Technology
Friday, June 21st, 2024 3:10 pm EDT

Key Points

  • Anthropic announced the release of Claude 3.5 Sonnet, its most advanced AI model, which offers significant improvements in speed, understanding of nuance, humor, and complex instructions, and is capable of writing, editing, and executing code.
  • The model is available for free on the Claude.ai website and Claude iPhone app, with higher rate limits for Claude Pro and Team subscribers. The new “Artifacts” feature allows users to generate and interact with documents or code in a dynamic workspace.
  • The announcement follows a year of significant funding for Anthropic, totaling about $7.3 billion from backers including Google, Salesforce, and Amazon. The company has also expanded its leadership team with notable hires like Instagram co-founder Mike Krieger and former OpenAI safety leader Jan Leike.

Anthropic, a competitor to OpenAI, announced the release of its most powerful artificial intelligence model yet, Claude 3.5 Sonnet. This model is the latest in the Claude 3.5 family and follows the debut of Claude 3 models in March and OpenAI’s GPT-4o in May. Founded by ex-OpenAI research executives, Anthropic is backed by major companies like Google, Salesforce, and Amazon, and has secured about $7.3 billion through five funding deals over the past year. Claude 3.5 Sonnet is noted for its enhanced speed, improved understanding of nuance, humor, and complex instructions, and its ability to produce high-quality, relatable content. It can also write, edit, and execute code.

Claude 3.5 Sonnet is available for free on Anthropic’s website, Claude.ai, and in the Claude iPhone app, with higher rate limits for Claude Pro and Team subscribers. Additionally, Anthropic introduced “Artifacts,” a feature allowing users to generate text documents or code that open in a dedicated window for real-time editing and building. This feature is anticipated to be beneficial for various tasks, including code development, legal contract drafting and analysis, and business report writing.

The release of Claude 3.5 Sonnet comes amid an AI arms race involving startups like Anthropic and tech giants such as Google, Amazon, Microsoft, and Meta, as they strive to integrate generative AI technology and capture a market projected to reach $1 trillion in revenue within a decade. In May, Anthropic also launched its first enterprise offering, “Team,” which had been in beta-testing with around 30 to 50 customers across industries like technology, financial services, legal services, and healthcare. This service was developed in response to customer demand for a dedicated enterprise product, as many businesses were already using Claude in their operations.

Furthermore, Anthropic has strengthened its leadership team with notable hires. Last month, Instagram co-founder Mike Krieger joined as chief product officer. Krieger, who was the chief technology officer of Meta-owned Instagram, helped grow the platform to 1 billion users and expanded its engineering team to over 450 people. Additionally, Jan Leike, OpenAI’s former safety leader, joined Anthropic in May. These strategic moves underscore Anthropic’s commitment to advancing its position in the competitive AI landscape.

For the full original article on CNBC, please click here: https://www.cnbc.com/2024/06/20/anthropic-claude-3point5-sonnet-ai-announced.html