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Bulletins round generative AI-powered writing help present no indicators of slowing this week, whereas a couple of sizable funding rounds fill out the highest AI startup information.
Listed below are 5 firms that made headlines this week:
1. AI21 Labs launches Wordtune Spices to help writers
AI21 Labs launched Wordtune Spices this week, an add-on to its common Wordtune editor platform, which provides a problem to rival OpenAI’s ChatGPT by offering customers with hyperlinks again to web-based sources — one thing ChatGPT doesn’t do. Spices can also be meant to work alongside a author to help within the writing course of. For instance, it may well generate a spread of textual content choices so as to add to and improve sentences, or counsel statistics to strengthen an argument or sharpen a element.
Tel Aviv-based AI21 Labs additionally launched a analysis paper that digs into Spices‘ factuality and supply traceability, claiming it contains the “strongest scientific outcomes so far of constructing any off-the-shelf language mannequin generate factual info that may be traced again to its sources.”
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2. Mad Road Den raises $30 million for enterprise AI
San Francisco-based Mad Street Den, which provides an AI platform geared in the direction of enterprise transformation, raised a contemporary spherical of $30 million this week. The corporate mentioned it has seen robust demand for its AI platform over the previous 24 months, powered by retail development from its Vue.ai platform and new verticals together with finance, insurance coverage, healthcare, pharma and logistics.
In a press launch, the corporate mentioned it should “double down on scaling the enterprise throughout a variety of verticals,” whereas remaining regular as a pacesetter in retail AI (after an acquisition of InTurn in November).
3. aiOla secures $25 million for voice and picture recognition
Israeli startup aiOla, which has developed state-of-the-art voice and picture recognition mixed with superior AI fashions to digitize, automate and streamline inspection processes, introduced that it has secured $25 million in funding. It goals to dramatically cut back operational prices, improve manufacturing time, automate pattern reporting and decrease downtime.
In a press launch, CEO Amir Haramaty mentioned: “aiOla’s proprietary and patented natural-language interface expertise is completely positioned to make the most of the ‘gold rush’ in AI adoption. Our expertise spans any language or jargon for any course of, providing an prompt and lasting influence throughout a wide range of industries and verticals.”
4. myInterview raises $11 million for AI-powered recruiting
In an period of quiet quitting and excessive inflation, employers are having a harder time than ever making an attempt to recruit and retain staff. For sure varieties of jobs, together with entry degree, retail and hospitality jobs, younger individuals within the Gen Z demographic are notably arduous to draw.
To that finish, myInterview, a pacesetter in sensible video interviewing software program, introduced this week that the corporate has secured an $11 million Sequence A funding spherical. The Israel-based firm will use the brand new funding to assist develop its expertise platform to raised entice and have interaction with candidates. The myInterview platform makes use of a mixture of AI and machine studying (ML) applied sciences to assist complement and speed up the recruitment course of.
5. DeepL launches Write, a Grammarly competitor
On the heels of final week’s over-$100 million fundraise, Cologne, Germany-based DeepL introduced the launch of DeepL Write, an AI writing device that it says goes past the corporate’s translation capabilities to enhance written communication in each English and German.
In a blog post, DeepL defined that Write “tackles extra than simply grammar — it places you accountable for your writing by providing strategies on phrasing, tone, fashion, and phrase selection. With so many choices, you’ll by no means compromise your genuine voice.”