Anthropic has announced that it would release updated versions of two of its most powerful artificial intelligence (AI) models as the San Francisco-based lab also prepares for a highly anticipated IPO this month.
The new models, Fable 5.2 and Mythos 5.2, can perform up to 30 percent faster than previous versions, particularly for complex tasks like coding, while costing 20 percent less, the company said on Monday.
The San Francisco-based AI lab is preparing for a blockbuster Wall Street debut that is expected to fetch a valuation exceeding $1 trillion, though estimates have fallen in recent weeks from a high of $2 trillion.
"Claude Fable 5.2 and Claude Mythos 5.2 show improvements in areas like coding, reasoning, and vision. During prerelease testing they’ve helped our engineers complete otherwise-infeasible software migrations, designed three working electronic devices from scratch, solved two open problems in the physics of black holes, made substantial progress on robotics evaluations, and formalised the proof of Fermat’s Last Theorem in 30 hours—among many other applications," Anthropic said in a post.
Tests show Fable 5.2 and Mythos 5.2 communicate more clearly and run up to 30% faster than predecessors, priced at $8 per million input and $40 per million output tokens, Anthropic added.
Anthropic claimed that while the model behind Claude Fable 5.2 and Mythos 5.2 advances general capabilities, training was restricted to curb research skills that could directly accelerate AI development.
Staggering growth
Growth has been staggering at the company. Anthropic's revenue reached $17 billion in the third quarter, up from just $1.4 billion a year earlier, a securities filing showed earlier this month.
Sales growth slowed from previous quarters, however, amid fierce competition from ChatGPT-maker OpenAI and cheaper models, many of them from China.
Anthropic also posted an operating loss of $567 million in the third quarter as it paid more for short-term computing capacity.
The company’s valuation has also been weighed down by a broader market pullback after a string of quarterly earnings reports spooked investors.
These raised concerned about the hundreds of billions of dollars that US tech giants are spending on AI.
Democrats also regained control of Congress in the US midterms, raising investor concerns about a potential regulatory crackdown on the tech industry, including against data centre buildouts.
Ballot measures restricting data centre construction could hamper the growth plans of AI developers such as Anthropic, as well as rivals including OpenAI, Meta, Microsoft and Google.
