News

• Anthropic's AI Assistant Claude Expands to Europe Amid Rising Investor Interest

  
  
  
  On the heels of OpenAI's latest GPT model release, rival Anthropic announced the European launch of its AI assistant Claude, supporting multiple languages, including French, German, Italian, and Spanish. This expansion, which follows the extension of its API to Europe, is part of Anthropic's strategy to accelerate growth. Valued at $18.4 billion with nearly $8 billion in funding, Anthropic is currently raising additional capital, according to co-founder Daniela Amodei. The company's backers include tech giants like Amazon, Google, and Salesforce. Despite lukewarm reception for its iOS app, Anthropic emphasizes its primary focus on enterprise applications. Europe, with its stringent AI safety and regulatory frameworks, poses both opportunities and challenges for Anthropic. The company, committed to compliance and AI safety, continues to contribute to industry efforts and plans to expand its European presence with a new office in Dublin. Visualization below shows detailed information about the Anthropic trademark 'CLAUDE' submitted for the EU on 18 January 2024.
  
  

  
  

  17/05/2024

• An update to our social media platforms report is now available

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  16/05/2024

• Alibaba's Profit Plunge Contrasts with Revenue Growth

  
  
  
  Alibaba's quarterly profit nosedived by 86% year-on-year to €419 million, despite a seven percent revenue increase to €28 billion, surpassing analysts' forecasts. This dichotomy underscores Alibaba's role as a barometer for consumer confidence in China. In the fourth financial quarter ending in March, domestic sales were bolstered by a strategic pivot toward affordable goods, aligning with Chinese consumers' frugal spending habits. The unexpected surge in sales may assuage investor fears about Alibaba's competitive standing against local rivals like PDD and ByteDance. Chart below shows the annual distribution of Alibaba's revenue by selected segments, from financial year 2019 to 2023.
  
  

  
  

  14/05/2024