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One AI startup ’s unfastening is another ’s chance .
Case in point : Today , AI21 Labs , a company develop reproductive AI product along the line of reasoning of OpenAI’sGPT-4andChatGPT , fill up a $ 53 million extension to itspreviously announcedSeries C backing troll . The raw tranche , which had involvement from novel investor Intel Capital and Comcast Ventures , brings AI21 ’s aggregate raised to $ 336 million .
The startup ’s rating remains unaltered at $ 1.4 billion .
Ori Goshen , AI21 Labs ’ carbon monoxide - founder and CEO , said that the cash extract will be put toward product development and maturate the inauguration ’s headcount . ( Perhaps a few of those new hire willcomefrom OpenAI , turn over the string of release there — if they don’tjump shipfor Microsoft . )
“ We ’re super thankful for the support of our investors who believe in our deep technology expertness , ” Goshen said in a press loss . “ Mass deployment of AI postulate deep understanding of mellow - public presentation language models that can birth better value and wallop . Our coming is about project AI with role , making it significantly more efficient than building from scratch , and much more cost effective . ”
A Tel Aviv - base startup creating a stove of text - beget AI tools , AI21 Labs was set up in 2017 byMobileyeco - beginner Amnon Shashua , Goshen and Yoav Shoham , the inauguration ’s other Centennial State - CEO . AI21 ’s flagship product is AI21 Studio , a wage - as - you - go developer platform for construct customs duty text - found concern apps off of AI21 ’s proprietary textbook - get AI model . The inauguration also deal memory access to Wordtune , a multilingual reading and write AI assistant akin toGrammarly .
customer can tap AI21 Labs ’ political program via genus Apis for specific procreative AI use cases , like summarisation , paraphrasing , and grammar and spelling fudge factor . The startup ’s modeling support a growing number of nomenclature , including Spanish , German , Italian and Dutch .
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AI21 Labs competes with theembattledOpenAI as well as other well - funded startup in the generative AI space , includingCohereandAnthropic(and to a less extent marketing - focused vendors such asJasper , RegieandTypeface ) . Google , AWS and Microsoft also pop the question tooling corresponding to AI21 Studio .
Shoham argues that AI21 is differentiated by its “ more comprehensive systems approach , ” however .
“ Our AI enriches [ generative AI ] with knowledge and abstract thought in summation to statistical inference , ” he said in an emailed command . “ This enable us to fix a flexible computer architecture with multiple reproductive AI , complemented by discrete noesis and reasoning mental faculty . ”
The extent to which that’strulydifferentiating is up for debate ; some vendors would indicate that they ’re sweep up standardized techniques and technical school . But one thing ’s for certain : AI21 has tangible client momentum behind it . Goshen claims that AI21 count “ several ” Fortune 100 companies among its client roll and that Wordtune alone has more than 10 million users .
partnership with Dataiku and Amazon , particularly around the launching of the latter’sBedrockgenerative AI dev platform , perhaps helped .
“ AI21 [ is increasing ] mindshare that one size of it does n’t fit all , as enterprises expect for unique partners that understand their specific needs , ” Goshen said .
Worth mark is that AI21 Labs is Intel ’s second major public reproductive AI investment to escort , the other beingStability AI . It ’s no accident , sure as shooting , that Mobileye’sownedby Intel and that Shashua ’s been on Intel ’s paysheet for some time . But I also wonder if Intel ’s feel the press from rival chipmakers — namely Nvidia , which hasbenefitedenormously from the AI godsend — to mistreat up its plot in this region . It would n’t surprise me .
