The firm will advise companies on the use of AI. Anthropic is being supported in the launch of the consulting firm by the British private equity group Hg. Both parties aim to build a company valued at more than $10 billion within five years.
This marks the first time that an AI model provider has launched an independent company dedicated to delivering AI expertise to businesses in Europe, reports the Financial Times. . Sources say the new company will embed AI consultants and engineers within European companies. The engineers will lead AI design efforts or support existing company initiatives.
The launch of consulting firms by AI companies signals a new threat to traditional IT consulting firms, which have been actively expanding their AI implementation services for clients.
Anthropic and the private-equity firms Blackstone and Hellman & Friedman already founded a similar consulting firm, Ode, last year. They invested $1.5 billion.
OpenAI launched the OpenAI Deployment Company in May. This company is intended to accelerate the adoption of OpenAI’s products. With the new company, Anthropic now has its first standalone European consulting firm.
Offices in London and Berlin
The firm is expected to begin operations by the end of this calendar year from offices in London and Berlin and will collaborate with software companies that focus on business clients.
The partnership comes as Anthropic seeks new revenue streams to justify its high spending on data center infrastructure and garner support for its planned large-scale initial public offering (IPO). This is happening amid growing concerns about AI valuations.