The race to gain a competitive edge in the generative artificial intelligence industry fiercely continues, and Anthropic is the latest one making a move. On Monday, the artificial intelligence startup announced the launch of its advanced AI model, Claude 3.7 Sonnet, stating that it is its “most intelligent” version yet. This model can produce faster responses or display its step-by-step reasoning process, as reported by Reuters.
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Anthropic’s hybrid model combines multiple reasoning approaches to solve complex problems more effectively. It was launched amid fierce competition in the world of AI. According to the company, the Claude 3.7 Sonnet model is its most advanced version and will be available on all Claude plans, including Free, Pro, Team, and Enterprise. However, it noted that the “extended thinking mode” feature is only available on paid plans.
“This model has all the capabilities wrapped together — we want one coherent AI that can help with everything. There’s an advantage in simplicity for our customers.”
-Anthropic co-founder and science chief Jared Kaplan told CNBC in an interview.
Kaplan further stated that the “hybrid” model, going live immediately, operates like a human brain. While some questions require quick responses, many others require critical thinking, which is why the company is looking to integrate both. Elaborating on the extended thinking mode, the company said that it is a model that “self-reflects before answering,” thereby improving its performance in math, physics, instruction-following, coding, and many other tasks. Notably, the company said that this model has been specifically designed to focus on “real-world” tasks instead of math and computer science problems. This is so that it can reflect how businesses use large-language models.
According to analysts, Anthropic’s move can grant it an edge against OpenAI and other tech companies investing in AI technologies.
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10. Quanta Services, Inc. (NYSE:PWR)
Number of Hedge Fund Holders: 67
Quanta Services, Inc. (NYSE:PWR) is an infrastructure company that provides solutions for the electric and gas utility, renewable energy, communications, pipeline, and energy industries. On February 24, Daiwa downgraded the stock to “Hold” from Outperform with a price target of $280, down from $355.
The firm has downgraded Quanta as it sees challenges in both the company’s renewable energy infrastructure order growth and artificial intelligence-driven power infrastructure spending. The firm doesn’t see any significant positive catalysts for the stock either. The analysts further told investors in a research note that Quanta’s 2025 guidance is “unappealing”.
