Anthropic has launched Claude Sonnet 5, a mid-tier AI model offering near-flagship agentic capabilities at a 60% lower cost than its Opus 4.8 model. Priced at an introductory $2 per million input tokens, Sonnet 5 narrows the performance gap on key coding and reasoning benchmarks. The release comes as Anthropic prepares for a highly anticipated IPO, having recently raised a Series H round at a $965 billion valuation, and secures a major state-wide deployment contract with California.
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