Anthropic unveiled a suite of workplace applications at a company event on Tuesday, November 10, PYMNTS reported, citing Bloomberg. The tools include a video call assistant, a data dashboard service and Claude Sheets, a spreadsheet app resembling Microsoft Excel and Google Sheets with Anthropic's AI built in throughout. Bloomberg reported that several of the tools are available in beta to paid subscribers.
Anthropic product leader Nicholas Lin called Claude Sheets a "fairly basic" offering not intended for advanced financial modeling, and said third-party plug-ins into established spreadsheet software remain more effective for complex work. Anthropic also announced functionality that lets software vendors including Adobe, Atlassian and HubSpot embed versions of their apps within Claude. Microsoft shares fell 3% in New York trading by early Tuesday afternoon, according to PYMNTS.
The launch comes before Anthropic's planned IPO later this month, where it is seeking a fully diluted valuation of about $1.4 trillion. A regulatory filing cited by Bloomberg shows an annualized revenue run rate of $81 billion as of October 31, up $10 billion from late September. PYMNTS reported that a $2.5 trillion Nasdaq sell-off has made investors skeptical of the pricing, with key investors indicating the valuation could settle closer to $1 trillion or the listing could be delayed.
