Home Mutual Funds Amazon-Backed Anthropic Launches Claude Enterprise for Businesses

Amazon-Backed Anthropic Launches Claude Enterprise for Businesses

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Key Takeaways

  • Anthropic, an AI startup backed by tech giants like Amazon and Google, released its newest product Wednesday, a version of its Claude AI model specifically for businesses.
  • Claude Enterprise will utilize the chatbot’s other features like Artifacts, which allows for more detailed edits and feedback to content created by the chatbot.
  • The product comes as questions have mounted from some across the industry about whether AI products like Claude and ChatGPT can generate enough revenue to cover their substantial operating costs.

Amazon (AMZN)-backed Anthropic released its latest artificial intelligence (AI) product Wednesday, Claude Enterprise, a version of its AI chatbot designed for businesses.

Anthropic said that early customers like GitLab and another AI venture, Midjourney, have used the service for a variety of tasks, from brainstorming to writing code, creating a variety of content for employees.

Anthropic Says Product Provides ‘Deep, Function-Specific Guidance’

Employees will be able to upload documents to Claude to help the product better understand an organization’s data and provide “deep, function-specific guidance,” the company said. The price of Claude Enterprise will vary by company, depending on how much it’s used and the number of employees with access, according to CNBC.

Anthropic said the service will collaborate with other previously released Claude features like Artifacts, which puts content like code or images created by the AI into a separate window and allows for minor edits and detailed feedback, making it an “end-to-end solution” for developing an idea into an end product.

Anthropic has received the backing of tech giants like Amazon and Alphabet’s (GOOGL) Google as it has developed its Claude chatbot to compete with other popular AI products like OpenAI’s ChatGPT, which is backed by Microsoft (MSFT).

The vast amount of money companies have spent on AI development has come under increasing scrutiny in recent quarters, with some analysts and investors looking for more detailed plans for how the projects will develop enough revenue to be profitable in the long run given the high operating costs.

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