Urgent.News

What's breaking now, across thousands of outlets.

AI

Anthropic’s new consulting venture: Why are AI model companies moving into the services business? | Explained

AI companies are moving into work traditionally handled by consulting and IT services firms, raising questions about who will control enterprise customer relationships and capture revenue from AI implementation

Anthropic’s new consulting venture: Why are AI model companies moving into the services business? | Explained

Anthropic, a prominent player in the Artificial Intelligence (AI) industry, is set to enter the services business with a new consulting venture. The company, in collaboration with private equity firm Hg, plans to establish an independent consultancy in Europe, with hubs in London and Berlin. The venture is anticipated to commence operations by the end of 2026.

The primary goal of this new consultancy is to deploy AI consultants and engineers within businesses to create AI-powered products and facilitate the adoption of AI technologies. Moreover, the consultancy will extend its services to companies within Hg's investment portfolio, further expanding its reach in the AI sector.

This strategic move by Anthropic reflects the growing trend among AI model companies to venture into the services business. As traditional technology services firms face competition from AI developers, collaborations such as Anthropic's and Hg's illustrate the industry's evolving landscape. By offering AI consulting services, these companies aim to not only enhance their own offerings but also contribute to the broader development and integration of AI technology within various sectors.

Written by urgent.news from The Hindu - Sci-Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at thehindu.com →

More in AI

More from Tuesday 3 November →