Anthropic debuts Claude Fable 5.2 and Mythos 5.2 models as IPO nears

Anthropic (ANTH.PVT) introduced Claude Fable 5.2 and Claude Mythos 5.2 AI models on Monday. 

The company’s most powerful models, Anthropic says Fable 5.2 and Mythos 5.2 generate outputs 30% faster than their predecessors and offer improvements across coding, reasoning, and vision.

Fable 5.2 is available across the company’s platforms today. Mythos 5.2 is limited to organizations that are a part of Anthropic’s Life Sciences and Cyber verification programs.

The company says Fable 5.2 will also be less expensive to run than Fable 5.1. Fable 5.2 will now cost $8 per million input tokens and $40 per million output tokens. Fable 5.1 cost $10 per million inputs and $50 per million outputs.

Tokens are a unit of measurement in AI that represent pieces of words or phrases you type or speak to a model and its responses.

ARCHIVO - Páginas del sitio de Anthropic y logotipos de la compañía se ven en una computadora en Nueva York, el 26 de febrero de 2026. (AP Foto/Patrick Sison/Archivo)
Anthropic has debuted its latest Claude Fable and Mythos models. (AP Foto/Patrick Sison/Archivo) · AP Photo/Patrick Sison

AI companies are engaged in a pricing war as models become more efficient and customers look for ways to save on AI services.

Industry experts say that over time enterprises will likely rely on a mix of closed-weights models like Anthropic’s and open-weights AI models to meet their needs. The idea is to avoid being locked into a single model vendor, while also being able to reduce overall costs.

Fable 5.2 and Mythos 5.2 come ahead of Anthropic’s anticipated initial public offering later this month.

But recent market turmoil around the AI trade could derail that.

While Wall Street was initially targeting upwards of a $2 trillion valuation for Anthropic’s debut, but that could now end up between $1 trillion and $1.5 trillion.

There are also concerns that the company could end up pushing out its debut to a later date in hopes that market conditions will improve.

Email Daniel Howley at dhowley@yahoofinance.com. Follow him on X at @DanielHowley or reach out on Signal or Telegram.

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