Anthropic

The most intelligent chatbot to date

The company is already in Dizraptor’s portfolio since Apr 25. New offerings are possible in the future

What is Anthropic?

Anthropic is an AI company founded in 2021 by ex-OpenAI employees, including Dario Amodei, former VP of Research and Tom Brown, former lead engineer for AI language model GPT-3. In March 2024 Anthropic released Claude 3 Opus, which the company claims beats OpenAI’s GPT-4 and Google’s Gemini 1 Ultra in key metrics. Here is the benchmark matrix shared by Anthropic:

Recognizing the profound influence that AI is poised to have on the world, Anthropic is committed to designing systems that are dependable, transparent, and controllable. The company is focused on AI safety and research, exploring both the potential benefits and potential risks of AI.

The three versions of Claude 3 – Opus, Sonnet and Haiku – vary in performance and price. According to Anthropic's CEO, the Claude 3 Opus, the most powerful and expensive version, is “in many respects the best-performing model in the world across a range of tasks.”

Productivity software maker Asana found a 42% improvement in initial response time. Fellow software company Airtable said it has integrated Claude 3 Sonnet into its own AI tool to speed up content creation and data summarisation.

Product

Similar to ChatGPT, Anthropic's Claude is a large language model that can be used for a range of written tasks like summarizing, searching, answering questions and coding. The company is positioning its chatbot as more cautious from the start. It’s meant to be harder to wring offensive results from it. Thanks to its ethical approach and its ability to produce reliable and secure results, Claude is emerging as one of the most promising chatbots on the market.

Anthropic has already provided its technology to a number of companies, including SAP, Bridgewater, Asana, Gitlab, Slack, Notion, Quora, DuckDuckGo, Robin AI, and AssemblyAI (Claude supports its audio data transcription and comprehension API platform).

According to Autumn Besselman, Head of People and Communications at Quora, users appreciate Claude's detailed and understandable responses and the natural feel of their conversations. Users have described Claude as more interactive and creative in storytelling than ChatGPT, and they appreciate the combination of language skills and expertise in Claude's responses.

Akshay Kothari, Notion's Co-Founder and COO, stated that the partnership's goal is to help users enhance their productivity using AI. Claude's exceptional creative writing and summarization capabilities contribute to Notion AI, their connected AI assistant. With this integration, Notion users can enhance their writing skills and work more efficiently.

Robin AI, a legal infrastructure company, is using Claude to revolutionize contracts. According to Robin AI CEO Richard Robinson, Claude is proficient in interpreting legal language and proposing customer-friendly alternatives. The technology's drafting, summarizing, and translation capabilities are exemplary. Since integrating Claude, Robin AI has observed increased user engagement, better feedback, and more successful deals.

Market

The AI market is expected to grow rapidly in the coming years, with increasing demand for AI-powered solutions across industries. The growth will be driven by a variety of factors, including advancements in deep learning and natural language processing technologies.

According to Zion Market Research, the global market for AI is projected to increase from $60B in 2021 to $422B by 2028 with an impressive compound annual growth rate (CAGR) of 39.4% during the period. The conversational systems market is expected to triple in size by 2028.

Financials

Anthropic has raised a total of $7.6B from a variety of investors, including Google, Amazon, Menlo Ventures, Jaan Tallinn, James McClave, Dustin Moskovitz, Salesforce Ventures, and Spark Ventures. The latest financing round in December 2023 valued the company at $17B, equivalent to $30 per share. As of now, the company is valued at $20B on the secondary market.

In September 2023, the company informed some investors that it was operating at a $100M annualized revenue rate and anticipated reaching $500M by the end of 2024, as reported. As of December 2023, Anthropic projected it would generate over $850M in annualized revenue by the end of 2024.

Anthropic increased its initial estimate by nearly 70% within three months, indicating stellar growth. The company’s 2024 revenue could reach $1B, The Information reports. That's a tenfold increase from last year.

Team

Dario Amodei has an impressive background in AI research and development. As the former Vice President of Research at OpenAI, he led the development of GPT-2 and GPT-3, spearheaded safety research aimed at making AI systems more transparent and aligned with human values. Prior to his time at OpenAI, Dario worked as a deep learning researcher on the Google Brain team. Dario's academic background includes a PhD in physics from Princeton University, where he focused on statistical mechanics models of neural circuits and developed new devices for intracellular and extracellular recording. He also served as a postdoctoral scholar at Stanford University School of Medicine, where he worked on searching for cancer biomarkers.

Anthropic's team includes other top AI talent from OpenAI, including Tom Brown, lead engineer for AI language model GPT-3, and OpenAI's former policy lead Jack Clark.