AI research startup Anthropic aims to raise a staggering $5 billion in the next two years to compete with OpenAI and make significant inroads into over a dozen major industries.
With a powerful AI model in the works called “Claude-Next,” this ambitious company, backed by Google and founded by OpenAI’s former VP of Research, is set to give ChatGPT a run for its money.
Key takeaways
- Anthropic, founded by former OpenAI researchers, seeks to raise $5 billion to compete with OpenAI
- The company is developing “Claude-Next,” a model they claim is 10 times more capable than ChatGPT
- Anthropic has an impressive list of investors, including Google, which holds a 10% stake
- Their “frontier model” aims to align AI with human intentions and has applications across various industries
The Power of “Claude-Next”
In a pitch deck for Anthropic’s Series C fundraising round, the company reveals plans to build a “frontier model” tentatively called “Claude-Next,” which they claim is 10 times more capable than the current most powerful AI models.
Achieving this ambitious goal requires an estimated $1 billion investment over the next 18 months.
Pushing the Boundaries of AI Computation
The company estimates that its frontier model will require a computation capacity of approximately 10^25 FLOPs, several orders of magnitude larger than the current biggest models.
This powerful AI model has the potential to automate large portions of the economy and build virtual assistants capable of answering emails, performing research, generating art, books, and more.
Claude vs. ChatGPT: Which is better?
Anthropic’s current chatbot, Claude, can perform tasks such as searching documents, summarizing, writing, coding, and answering questions on specific topics.
The company claims that, thanks to its training technique called “constitutional AI”, Claude is less likely to produce harmful outputs, easier to converse with, and more steerable compared to OpenAI’s ChatGPT.
Competing in a Crowded AI Market
As Anthropic continues to develop its AI capabilities, it faces stiff competition from OpenAI and other AI startups, including Cohere and AI21 Labs. However, with backing from investors like Google, which has a 10% stake in the company, Anthropic is well-positioned to make a significant impact in the AI industry.
Closing Thoughts
Anthropic’s ambitious plans to raise $5 billion and develop a cutting-edge AI model showcase the competitive landscape of this emerging technology.
As “Claude-Next” and other advanced AI models continue to be developed, the potential to reshape various industries and automate significant portions of the economy becomes increasingly likely.
Progress isn’t likely to slow down any time soon.
