The world of artificial intelligence has seen a massive boom in the past year, and Open AI Their biggest creation has easily surpassed itself, with the latest rollouts of Chat GPT.

However, OpenAI is now being strongly challenged by Llama, Gemini and other LLM models backed by Silicon Valley’s top tech companies, including the likes of Alphabet and Meta platforms.

Is there another OpenAI competitor ready?

But, there is one company which is currently seen as an underdog but its valuation has increased significantly in 2024, and its valuation has also increased by more than 3 times. The company, Anthropic, has a legion of dedicated employees, some of whom are high-ranking tech experts who left OpenAI to join the company.

Is Anthropic also reaping the rewards of AI hype on Wall Street?

Anthropic is currently backed by two big names in Silicon Valley who are looking to slow the bull run and chase OpenAI into the stock market in every possible way. They are Amazon and Google, respectively, which also have a lot riding on AI and other related services where OpenAI is a direct competitor. So, Anthropic can now safely boast of a strong financial backing, with some solid developers and researchers in their team, helping them to develop their projects successfully.

As a result, its value as an AI company is currently increasing.

Frequently Asked Questions:

What is OpenAI all about?
OpenAI is an artificial intelligence research and deployment organization, with ChatGPT being one of their major creations.

Is ChatGPT an AI model?
ChatGPT is an AI language model, and uses artificial intelligence to respond to any user-entered necessary cues of the interface setup via OpenAI.