Breaking news

OpenAI’s Competitor, Anthropic, Has Released Its Most Powerful AI Yet

OpenAI competitor Anthropic has released Claude 3.5 Sonnet, its most powerful AI model to date.

KEY FACTS     

  • Claude is one of the chatbots that, like OpenAI’s ChatGPT and Google’s Gemini, has gained extreme popularity in the last year.
  • Anthropic, which was founded by former heads of the OpenAI research team, has backers including Google, Salesforce and Amazon.
  • Over the past year, the company has closed five different financing deals totaling approximately $7.3 billion.”
  • The news follows Anthropic’s debut of the Claude 3 family of models in March and OpenAI’s GPT-4o in May.

IMPORTANT QUOTE

“Claude 3.5 shows a marked improvement in understanding nuance, humor and complex instructions, and is exceptional at writing high-quality content with a natural, relatable tone,” the company said. It can also write, edit, and execute code.

WHAT TO WATCH FOR

Anthropic also announced Artifacts, which allows the user to ask the Claude chatbot to generate, for example, a text document or code, and then opens the result in a separate window.

“This creates a dynamic workspace where users can see, edit and build on what Claude has created in real-time,” the company said, adding that it expects Artifacts to be useful for code development, drafting and analyzing legal contracts, writing business reports and more.

Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.

The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter