The Anthropic’s AI Chatbot Is Giving ChatGPT a Run for Its Money

Key Takeaways

• AI company Anthropic debuted a new chatbot, Claude 2
• The company is currently valued at over $4 billion
• This latest chatbot will surely catch the attention of AI-hungry investors

Yesterday, AI company Anthropic released its new and improved chatbot to the public. On their blog, Anthropic said its new model, Claude 2, has “improved performance and longer responses.” This release is the latest in a series of buzzy AI innovations since ChatGPT’s release in late 2022. Let’s take a look at what Claude 2 can do below.

AI is getting better, faster, and smarter. Q.ai’s Emerging Tech Kit leverages our own AI-powered model to find the best investments for you each week. From there, the Kit balances between key tech verticals for optimal risk and reward.

Download Q.ai today for access to AI-powered investment strategies.

Meet Claude 2:

Claude 2 is available in the U.S. and UK on the web and via a paid API. Like its predecessor, Claude 1.3, Claude 2 can search across documents and summarize its findings, answer questions, write, and code.

In terms of more advanced capabilities, Claude 2 can reportedly summarize blocks of text of up to 75,000 words. That’s about the length of The Catcher in the Rye or Sally Rooney’s Normal People. For comparison, ChatGPT can only summarize about 3,000 words.

Claude 2 also scored a 76.5% on the multiple choice of the bar exam and achieved 71.2% on the Codex Human Level Python coding test compared to Claude 1.3’s 56%.

Claude 2 isn’t an entirely new product, but rather an iteration on the older model. Like other chatbots on the market, Claude 2 is prone to “hallucinations,” which basically means it sometimes responds to questions with irrelevant, inaccurate, or plain nonsensical information.

In terms of AI safety concerns, Anthropic cautions users against using Claude 2 “where physical or mental health and well-being are involved.” Yikes.

Safe to say that, like other AI applications so far, Claude 2 has its strengths and its drawbacks.

What do investors think?

AI has received a lot of attention and investment this year. Though still nascent, the technology promises to disrupt a range of industries and VC’s are racing to get involved.

OpenAI is currently valued at about $30 billion. Anthropic, founded in 2021 by former OpenAI employees, has quickly joined the ranks of up and comers in the AI space. In May, the company raised $450 million following a $300 million financing round in March at a $4.1 billion valuation.

According to Semafor’s June report, that valuation has gone up to $4.6 billion. Buyers in the secondary market for shares in private companies are looking to acquire stakes in Anthropic, even at a premium.

The bottom line

The AI rush is far from over. The countless applications for AI make for irresistibly fertile ground for ambitious founders, business leaders looking to stay on the cutting edge, and investors with an eye toward the upside. We’re certainly keeping our eye on Claude 2 (and watching out for Claudes 3, 4, and 5).

We created the Emerging Tech Kit to give users an opportunity to capitalize on the latest and greatest trends in tech — like AI, for one. It’s a risky space, but also an exciting one. Higher risk investments in the Emerging Tech Kit can provide upside potential from top AI picks within this theme.

Download Q.ai today for access to AI-powered investment strategies.