Anthropic launches European AI consultancy with Hg backing

Summarised from 2 outlets · Updated 23 Oct, 16:20 · Archive

Anthropic is starting an AI consultancy in Europe with London-based private equity firm Hg.

Anthropic is launching a new AI consultancy business in Europe in partnership with London-based private equity firm Hg. The consultancy will be based in London and Berlin and is expected to launch by the end of the year.

The consultancy will target business-to-business software companies and white-collar groups as clients. Anthropic will fund the venture through its balance sheet capital, while Hg will invest via its managed funds. The move aims to generate new revenue streams for Anthropic and build momentum for its planned initial public offering.

The launch is set to intensify competition with established IT consulting giants including Accenture and the Big Four firms: Deloitte, EY, KPMG and PwC. The consulting industry has been struggling to adapt to the rapidly evolving AI landscape while investing millions in technology to help clients adopt new systems.

How it is being reported

• Anthropic partners with London-based private equity firm to launch consultancy armAnthropic is launching a new AI consultancy business in Europe after partnering with London-based private equity firm Hg, according to reports. The company behind some of the world’s most advanced AI models is expected to launch its consultancy firm by the end of the year, the Financial Times reported, set to be based in London [...]City AM · 23 Oct, 16:10
• Anthropic strikes deal to launch European consultancyNew company backed by Anthropic and UK buyout group Hg will advise companies on how to deploy AIFinancial Times · 23 Oct, 10:04

In this story: Anthropic · Hg · London · Berlin · Accenture · Deloitte · EY · KPMG

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