Tag: AI startup

Cohere, an AI startup, raises $270m in funding for its Series C to create a cloud-agnostic platform that offers real-time AI services. Its language models are available in a variety of dialects, and its AI platform is deployable on customers' existing clouds, on-premise, or in public and virtual private clouds, catering to businesses who are concerned about data privacy and security. Cohere is now valued at roughly $2.1bn to $2.2bn and plans to continue growing, investing, innovating, and collaborating with leading enterprises.

CentML, a Toronto-based AI startup, has launched its platform to optimize machine learning models, making AI development more efficient. By enabling access to more efficient use of AI chips without affecting accuracy, CentML could potentially improve the broken marketplace for GPUs and reduce compute costs. With a powerful open-source compiler to automatically tune optimizations, CentML looks to capture market share from established competitors, unlocking more efficient compute for AI development. Help address worldwide GPU shortage now.

Contextual AI, an enterprise-focused AI startup, recently raised $20 million in a seed round led by Bain Capital Ventures. The startup aims to develop artificial specialized intelligence (ASI) that can effectively address the six problems currently faced by society in the use of current Large Language Models (LLMs). Contextual AI encourages open-source technology for all players to be involved in the development and ensures that its technological approach supports open sourcing. Through this, the community will leverage more open source software, playing an active role in the community.

Natural language processing AI startup, DeepLang AI, welcomes former Douyin product leader, Wang Jingjin, to their team. With her expertise in product development and experience at Tencent News and Douyin, Wang is expected to play a crucial role in shaping DeepLang AI's future direction. Her arrival is set to further enhance the startup's natural language processing capabilities and lead to significant growth opportunities. As a company committed to innovation and excellence, DeepLang AI is one to watch in the coming years.

. OpenAI, a leading non-profit and renegade AI startup has reportedly confirmed a $300 million share sale, valuing it between $27 and $29 billion. Investors include Tiger Global Management, Andreessen Horowitz, and Sequoia Capital, plus Thrive Capital and K2 Global. OpenAI has revolutionized the tech sector with its AI breakthroughs such as its chatbot GPT-3 and robotics engineering, leading the industry to revenues of over $18 billion in 2021.