Anthropic (ANTH.PVT) is continuing its drive into the enterprise software market with its new Claude for Small Business offering.
The product, which the company says allows small business owners to add its Claude AI to existing apps, including Intuit’s (INTU) QuickBooks, DocuSign (DOCU), PayPal (PYPL), Microsoft 365 (MSFT), and Google Workspace (GOOG, GOOGL), is Anthropic’s latest effort to expand its services across common enterprise use cases
On Tuesday, the company debuted its enhanced legal software product, and last week the startup unveiled Claude for Financial Services. According to Anthropic, Claude for Small Business allows users to toggle on Claude within popular apps, where it can perform tasks across payroll, reconciling books, getting business insights, and spotting trends, among other capabilities. “Small businesses make up nearly half the American economy, but they’ve never had the resources of bigger companies,” Anthropic president Daniela Amodei said in a statement. “AI is the first technology that can finally close that gap, which is why we’re launching Claude for Small Business, alongside training and partnerships to make sure AI shows up for the entrepreneurs and communities who need it most,” she added. Anthropic’s services have increased concerns on Wall Street that AI companies will supplant existing software vendors, sending software stocks sliding over the last several months.
Salesforce (CRM), ServiceNow (NOW), Intuit, DocuSign, and Box (BOX) are among some of the stocks that have declined both year to date and over the last 12 months. Anthropic is focusing heavily on the enterprise market as it prepares for a potential initial public offering later this year. Rival OpenAI is also eyeing going public this year.