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The peak of the AI<\/a> chatbot boom may have passed, but now there exists a variety of competitive generative AI chatbots.<\/p>\n OpenAI\u2019s ChatGPT<\/a> was the first to captivate the world with its impressive, human-like chatbot that was able to both tell jokes and explain detailed and complicated scientific research. All from simple human-written text prompts. It was a revelation and sparked an intense AI arms race as the world\u2019s biggest companies sought to grab a piece of the pie<\/a>, as well as new companies popping up with their own AI products.<\/p>\n Google<\/a> and Microsoft<\/a> are just two examples of huge tech companies entering the AI space over the last few years.<\/p>\n One of ChatGPT\u2019s big rivals in the generative chatbot industry is Claude AI, which was launched in 2023.<\/p>\n Claude AI is owned by California-based AI startup Anthropoic<\/a> and was founded in 2021 by former senior members of OpenAI, Daniella and Dario Amodei. Dario was previously OpenAI\u2019s Vice President of Research. They were among several OpenAI<\/a> employees who left the business in 2019 over direction businesses, including the company\u2019s work alongside Microsoft.<\/p>\n Within a few years, the company had raised $700 million in funding and towards the end of 2023, Amazon<\/a> was announced as a minority stakeholder after investing up to $4 billion<\/a>. Since then, Google has also invested $400 million<\/a> in Anthropic.<\/p>\n The business, which now has more than 150 employees, has created a family of large language models (LLM) called Claude.<\/p>\n Anthropic\u2019s USP is what they call \u2018Constitutional AI\u2019,<\/a> which is an approach developed for training LLMs to be as ethical as possible. The chatbot is trained on the principles taken from the likes of the 1948 Universal Declaration of Human Rights so that it can behave in a safe, accurate and secure way.<\/p>\n Anthropic launched the first iteration of Claude in March 2023, and followed that up with Claude 2 in July 2023. Claude 2 stood out in the marketplace because of the ability to upload PDFs and other documents for summary and analysis purposes.<\/p>\n In March 2024, Anthropic launched Claude 3<\/a>, which the business claimed set new industry benchmarks across a wide range of cognitive tasks. Claude 3 is a family \u2013 Haiku, Sonnet and Opus \u2013 of models that have differing levels of capabilities, knowledge levels and sophistication.<\/p>\n Anthropic is now valued at around $20 billion and is a public benefits corporation, which is a business that intends to make a profit but in a way that benefits the public and its users.<\/p>\n In its most basic form, Claude AI is Anthropic\u2019s very own version of ChatGPT<\/a>. Similar to ChatGPT 3.5, its dataset has a cut-off point \u2013 2022 \u2013 and it can\u2019t connect to the internet, so it has limitations to how accurate it can be when responding to prompts related to events that have happened after 2022.<\/p>\n The chatbot is trained to have natural, human-like text-based conversations and is best used for summarization, Q&A, decision-making, code writing and summarization.<\/p>\nWho owns Claude AI?<\/h3>\n
What is Claude AI?<\/h3>\n