Australia has a new AI model that wants to challenge Anthropic

Detailed summary

As investors mull whether to value the US giant in the trillions, a local rival called Trellis Data says it has built a competitive model for relative peanuts.

As Anthropic tries to convince Australian investors that its booming artificial intelligence platforms make it a $2 trillion company, a Canberra-based AI company backed by less than $10 million in external funding has developed a new model it says can win business off the US giants.

Trellis Data will unveil its new Agentaus 1 model on Thursday, which at about 220 billion parameters is 50 per cent bigger than its previous model, with the company claiming it performs well on most tasks professionals use AI for.

Opening of the article, excerpted from Australian Financial Review. To read the rest, open the article on the publisher's site.