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Generative AI-powered assisted writing announcements show no signs of slowing down this week, but AI startup headlines include some sizeable funding rounds.
Here are the five companies that made headlines this week:
1. AI21 Labs launches Wordtune Spices to help writers
AI21 Labs this week announced Wordtune Spices, an add-on to the popular Wordtune editor platform. This offers a challenge to OpenAI’s ChatGPT by giving the user a link to her web-based source. Spice is also intended to work with writers to assist them in the writing process. or clarify details.
Tel Aviv-based AI21 Labs also published a research paper that delved into the factuality and source traceability of Spices, calling it “the most powerful science ever to generate fact-based information that can be traced to off-the-shelf language models.” It contains significant results,” he claims. to that source. ”
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2. Mad Street Den raises $30 million for enterprise AI
San Francisco-based Mad Street Den, which provides an AI platform for enterprise transformation, raised $30 million in new funding this week. The company said it has seen strong demand for AI platforms over the past 24 months, fueled by retail growth driven by the Vue.ai platform and new verticals such as finance, insurance, healthcare, pharmaceuticals and logistics.
In a press release, the company said it would “expand its business across a broad range of verticals” while maintaining its leadership position in retail AI (after acquiring InTurn in November).
3. aiOla secures $25 million for voice and image recognition
Israeli startup aiOla, which develops cutting-edge voice and image recognition combined with advanced AI models to digitize, automate and streamline inspection processes, has announced it has secured $25 million in funding. We aim to significantly reduce operating costs, increase production time, automate trend reporting, and minimize downtime.
In a press release, CEO Amir Haramaty said: Our technology works in any process, in any language and terminology, to create immediate and lasting impact across industries and industries. ”
4. myInterview Raises $11M in AI-Powered Recruiting
In a time of quiet retirements and high inflation, employers are having a harder time recruiting and retaining employees than ever before. Certain types of jobs, such as entry-level jobs, retail and hospitality jobs, are particularly attractive to Gen Z youth.
To that end, myInterview, a leader in smart video interview software, announced this week that it has secured an $11 million Series A funding round. The Israel-based company will use the new funding to grow its technology platform to better attract and engage candidates. The myInterview platform uses a combination of AI and machine learning (ML) technology to complement and accelerate the hiring process.
5. DeepL Launches Grammarly Competitor Write
Following last week’s funding of over $100 million, Cologne, Germany-based DeepL has announced the launch of DeepL Write. DeepL Write is an AI writing tool that the company says goes beyond its translation capabilities to improve written communications in both English and German.
In a blog post, DeepL said that Write “goes beyond just grammar. It puts you in control of your writing by offering suggestions for phrasing, tone, style, and word choice.” options so you don’t lose your authentic voice.”
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