Why does b(string) and bytes(string, ‘utf-8’) give different results in Python?

Question

byte_1 = b\'\\xc0*\\xael<\\x9e\\xcf\\x81\\xa2\\xd8\\xb5\\xe3\\x1d\\xe1\\xaa8\'
byte_2 = bytes(\'\\xc0*\\xael<\\x9e\\xcf\\x81\\xa2\\xd8\\xb5\\xe3\\x1d\\xe1\\xaa8\',