Anthropic launches Fable 5.2 and Mythos 5.2 ahead of IPO

Anthropic, the San Francisco-based artificial intelligence company, has launched updated versions of its powerful AI models, Fable 5.2 and Mythos 5.2, ahead of its highly anticipated IPO. The new models are up to 30% faster than previous versions and cost 20% less, according to the company.

The release of these models comes as Anthropic prepares to hold its initial public offering on November 16, with the aim of raising up to $100 billion and achieving a valuation exceeding $1 trillion. This IPO is seen as a barometer for the continued AI spending boom fueling the US economy.

Fable 5.2 has safety features that restrict it from performing most cybersecurity and biology tasks, making it accessible to all users. In contrast, Mythos 5.2 has fewer restrictions and is available only to vetted organizations working in cybersecurity or biomedical research.

The company's revenue surged 1,100% in the third quarter, reaching $17 billion, up from $1.4 billion a year earlier. However, growth has slowed as it faces competition from OpenAI's ChatGPT and cheaper AI models, many of which are developed in China. Anthropic also reported an operating loss of $567 million in the same period due to increased costs for short-term computing capacity.

Despite these challenges, Anthropic has secured a $3.4 billion deal for AI data centers, securing commitments for 1.7 gigawatts of heavy-duty generators from OnePWR Solutions. The company's IPO is viewed as a crucial moment to gauge the longevity of the AI spending boom and its impact on the US economy.