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London Tech Week

Tioex enters AI race with $1M investment in OpenAI rival Anthropic

Tioex team
Picture credits: Tioex

Tioex, a Swedish investment firm, has acquired its existing shares worth $1 million in Anthropic, founded by former OpenAI executives. Having invested in SpaceX, Einride and Klarna, Tioex’s investment in Anthropic underscores its commitment to providing its investor members with exclusive access to cutting-edge technology ventures.

In January, Tioex announced a secondary investment of $1 million in SpaceX, Elon Musk’s space tech company. This made it one of the first European investors in the company. Having managed to invest in SpaceX, Tioex believes that it will be able to make many more investments in pre-IPO startups in the US.

Popularity of Anthropic 

Founded in 2021, US-based Anthropic is valued at $18.4 billion, backed by funding partners such as Google, Salesforce, and Zoom. It was founded by Dario Amodei, former Vice President of Research at OpenAI, and his sister Daniela Amodei, former Vice President of Safety and Policy at OpenAI. 

Anthropic’s Claude 2

Anthropic took a leap in the AI race with the launch of Claude 2, a chatbot rivaling OpenAI’s ChatGPT. As per the company, Claude is a next-generation AI assistant based on the company’s research into training helpful, honest, and harmless AI systems. It promises longer input/output capacity and improved performance compared to its predecessor while generating safer output. 

Claude 2 is a language model that has been fine-tuned using reinforcement learning with human feedback. It can generate various types of text-based outputs from user’s prompts. One can use Claude 2 for e-commerce tasks, creating email templates and generating code in popular programming languages. 

With the ability to summarise up to a staggering 75,000 words, it is stated to be the most reliable and preferred chatbot for companies like Slack, Notion and Quora.

“Anthropic’s groundbreaking advancements in AI, coupled with its robust AI safety protocols, have the potential to redefine the trajectory of technological evolution. We take pride in presenting opportunities like Anthropic to our investors and look forward to being part of the company’s exciting journey ahead,” said Johan Hägglund, founder and CEO of Tioex.

“We´re in dialogue with a number of interesting new investments, and our model for investing in high-growth, top-tier pre-IPO companies continues to gain traction. We see that there is an increased interest now as the IPO market is starting to open up again,” added Johan Hägglund, founder and CEO of Tioex.

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