Anthropic To Receive Additional $100M From South Korea’s SK Telecom

Revealed: 14 August 2023, 2:41 am Up to date: 14 Aug 2023, 2:48 am

SK Telecom, the biggest telco in South Korea, introduced a further funding of $100 million in Anthropic, a San Francisco-based synthetic intelligence startup. SK Telecom Enterprise Capital, SKT’s enterprise capital arm, beforehand invested in Anthropic in Might of this 12 months.

In a collaborative settlement, the businesses will co-create a language mannequin tailor-made completely for telecommunications. Anthropic’s pre-existing AI mannequin, Claude, can even endure customization to align with the exact requisites of telcos.

Furthermore, the AI startup will collaborate with SK Telecom to adapt Claude to telecom use circumstances, together with industry-specific customer support, advertising and marketing, and gross sales initiatives, in addition to interactive shopper apps. The corporate claims that organizations will acquire improved efficiency in comparison with the implementation of extra normal fashions by tailoring the mannequin to the telecom enterprise.

Presently, the International Telco AI Alliance develops the Telco AI Platform, and SKT and Anthropic will collaborate so as to add the multilingual LLM to it. Notably, the mannequin will help quite a few languages, together with English, German, Spanish, Korean, Japanese, and Arabic. 

“With our strategic funding in Anthropic, a worldwide main AI expertise firm, we shall be working intently with Anthropic to advertise AI innovation,” mentioned Ryu Younger-sang, CEO of SKT. By combining our Korean language-based LLM with Anthropic’s sturdy AI capabilities, we anticipate to create synergy and acquire management within the AI ecosystem along with our international telco companions.”

In Might of this 12 months, Anthropic raised $450 million in a Collection C spherical led by Spark Capital. Google, Salesforce Ventures, Sound Ventures, and Zoom Ventures have been among the many traders. SK Telecom additionally participated within the spherical with a reportedly smaller funding. The corporate declined to disclose the dimensions of its stake in Anthropic. The AI startup used the funds to broaden its product choices and foster AI security analysis. 

On a facet observe, Anthropic is a competitor of OpenAI, the developer of the viral AI-powered chatbot ChatGPT. In the present day, Anthropic’s Claude mannequin is taken into account one of many important rivals of OpenAI’s massive language mannequin, GPT-4. Notably, the startup was based by former senior members of OpenAI, Daniela Amodei, Dario Amodei, Jack Clark, and Jared Kaplan, in 2021. As of immediately, Anthropic had raised over $1.5 billion in funding.

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