One sentence summary – AI21 Labs, a Tel Aviv-based company, is gaining recognition for its generative AI tools, particularly its flagship product Wordtune, which is an AI-based writing companion that understands context and meaning, and recently secured $155 million in funding to compete with OpenAI in the enterprise generative AI landscape; meanwhile, ControlRooms.ai, an Austin-based startup, has raised $10 million in funding to further develop its AI platform that automates troubleshooting in heavy industry settings, aiming to reduce downtime and enhance productivity.
At a glance
- AI21 Labs is a Tel Aviv-based company specializing in artificial intelligence (AI) and generative AI tools.
- Their flagship product, Wordtune, is an AI-based writing companion that gained popularity and made it to Google’s list of favorite Chrome extensions in 2021.
- AI21 Labs focuses on developing large language models (LLMs) known as Jurassic-2, which powers their developer platform AI21 Studio.
- Wordtune has received updates including Wordtune Spices, allowing citation of sources and internet access.
- AI21 Labs recently secured $155 million in funding from investors such as Nvidia and Google, aiming to compete with OpenAI in enterprise business investment.
The details
AI21 Labs, a Tel Aviv-based company, is making strides in the field of artificial intelligence (AI) with its generative AI tools.
The company’s flagship product, Wordtune, is an AI-based writing companion that comprehends context and meaning.
In 2021, Wordtune gained popularity and earned a spot on Google’s list of favorite Chrome extensions.
AI21 Labs specializes in developing sophisticated large language models (LLMs) known as Jurassic-2.
Jurassic-2 powers AI21 Studio, a developer platform designed for creating custom text-based business applications.
Wordtune has received recent updates, including Wordtune Spices, which allows citation of sources and internet access.
The company recently secured $155 million in funding, with investments from prominent entities such as Nvidia and Google.
AI21 Labs aims to establish its brand presence and compete with OpenAI, particularly in enterprise business investment.
The company focuses on robustness, reliability, predictability, and cleanability in its enterprise applications.
AI21 Labs offers customizable and ready-to-use task-specific models for various industries.
They consider OpenAI as their primary competitor in the enterprise generative AI landscape.
While OpenAI’s ChatGPT for Enterprise is a versatile application, AI21 Labs believes their proprietary models outperform open-source alternatives in terms of strength and reliability.
The company plans to prioritize the development of a chatbot interface similar to ChatGPT.
AI21 Labs is committed to managing increased scale and expanding geographically to stay at the forefront of AI systems integrated into language models.
In other AI news, Austin-based startup ControlRooms.ai has successfully raised $10 million in a series A funding round, led by Origin Ventures and other investors.
With this funding, ControlRooms.ai’s total funding reaches $13.75 million.
The funds will be utilized to accelerate product development and go-to-market efforts, primarily in the chemical, energy, and materials segments of heavy industry.
ControlRooms.ai’s platform employs AI to automate the troubleshooting process in industrial settings.
By automating traditionally manual procedures, the platform aims to reduce downtime and enhance productivity.
The AI system dynamically learns asset behavior, enabling predictive maintenance and improved safety capabilities.
ControlRooms.ai’s solution assists heavy industry operators in reducing surprise events, minimizing emissions, and maximizing efficiency.
The platform serves as a pioneering solution for heavy industry operators who have historically relied on outdated systems and processes.
The recent funding will contribute to making heavy industry operations safer, cleaner, and more productive.
These developments in AI21 Labs and ControlRooms.ai highlight the growing influence of AI in various industries, from writing tools to heavy industry operations.
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| venturebeat.com |
|---|
| – AI21 Labs is a Tel Aviv-based company that brought generative AI tools into commercial use. – Their product, Wordtune, is an AI-based writing companion that understands context and meaning. |
| – Wordtune became popular and made Google’s list of favorite Chrome extensions in 2021. |
| – AI21 Labs has developed sophisticated large language models (LLMs) called Jurassic-2. |
| – Jurassic-2 powers AI21 Studio, a developer platform for building custom text-based business applications. – |
| Wordtune has received recent updates, including Wordtune Spices, which cites sources and can access the internet. |
| – AI21 Labs recently received $155 million in funding, with participation from Nvidia and Google. – |
| The company aims to establish its brand presence and compete with OpenAI for enterprise business investment. |
| – AI21 Labs focuses on enterprise applications and emphasizes robustness, reliability, predictability, and cleanability. |
| – They offer task-specific models that are customizable and ready to use. – AI21 Labs sees OpenAI as its main competitor in the enterprise generative AI landscape. |
| – OpenAI’s ChatGPT for Enterprise is a general-purpose application that requires additional work to achieve robustness. |
| – AI21 Labs believes their proprietary models outperform open source options in terms of strength and reliability. – |
| The company plans to prioritize the development of a chatbot interface similar to ChatGPT. – AI21 Labs is focused on managing increased scale and plans to expand geographically. |
| – They aim to stay at the forefront of AI systems as part of language models in the future. |
| aibusiness.com |
|---|
| – ControlRooms.ai, an Austin-based startup, has raised $10 million in a series A funding round. – |
| The funding round was led by Origin Ventures and included participation from several other investors. – |
| The funding brings ControlRooms.ai’s total funding to $13.75 million. – |
| The funds will be used to accelerate product development and go-to-market efforts in the chemical, energy, and materials segments of heavy industry. |
| – ControlRooms.ai’s platform uses AI to automate the industrial troubleshooting process. – |
| The platform aims to reduce downtime and improve productivity by automating the traditionally manual process of troubleshooting. – |
| The AI system learns asset behavior dynamically and consistently, enabling predictive maintenance and enhanced safety capabilities. |
| – ControlRooms.ai’s solution can help heavy industry reduce surprise events, minimize emissions, and maximize efficiency. – |
| The platform is a pioneering solution for heavy industry operators who have historically relied on outdated systems and processes. – |
| The funding will help make heavy industry safer, cleaner, and more productive. |
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