Anthropic has rolled out a new set of tools that deepen the integration of artificial intelligence into everyday office work, setting up more direct competition with Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL, NASDAQ: GOOG).
The features, unveiled at an Anthropic event on Tuesday, include a video call assistant, a data dashboard tool, and a spreadsheet service called Claude Sheets. Claude Sheets closely resembles Microsoft Excel and Google Sheets, but comes with Anthropic's AI capabilities built in. Many of the new tools will be released in beta form to paying subscribers.
Ahead of its listing, Anthropic has been working to broaden its AI offerings for a wide range of business professionals. Previously, the Claude developer's tools saw strong demand among software engineers, who used them to streamline coding and debugging.
Anthropic product lead Nicholas Lin said Claude Sheets' current capabilities are "fairly basic" and are not aimed at more advanced work such as financial modeling. In those cases, he noted, Anthropic's plug-ins for existing spreadsheet software would be more effective. "I think there's still a time and place for Microsoft and Google products, especially for more advanced enterprise use cases. But we also want to show a new way of working inside Claude," Lin said. As of 12:43 p.m. New York time, Microsoft (NASDAQ: MSFT) shares were down 3%.
Anthropic also announced it will let companies such as Adobe, Atlassian and HubSpot embed a version of their existing apps inside Claude. Anthropic is simultaneously a partner and a competitor to these firms and others. That dual role has repeatedly stoked concerns this year that AI could one day render traditional enterprise software products obsolete.
Anthropic's revenue continues to surge. According to a filing on Tuesday, the AI developer's annualized revenue reached $81 billion as of October 31, up $10 billion from the end of September. The company is now seeking a fully diluted valuation of about $1.4 trillion in its IPO.
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