Should You Start a Generative AI Company?
September 19, 2023
10 Generative AI Stocks to Watch as ChatGPT Soars Updated 2023
This innovative approach saves precious time and resources while ensuring superior content quality and relevance. By combining cutting-edge technology with an unwavering commitment to human-centric solutions, OpenAI has secured its position as one of the premier Generative AI companies worldwide, as validated by a reputable ranking by Forbes. Meanwhile, one-fourth of generative AI funding since Q3’22 has gone to cross-industry generative AI applications, which include text and visual media generation, as well as generative interfaces. As the space matures, big tech companies and waves of new tech vendors are aggressively building out generative AI capabilities to meet the demand from businesses looking to adopt the technology. Soundful’s generative AI technology uses the language of music to enable individuals to compose and create songs and musical tracks using different musical genres.
AGI is another way of naming autonomous technologies, which generative AI is a product of. OpenAI created DALL-E 2, their new generative AI system that can create realistic images and art using a description in natural language. DALL-E 2 can create original images and make realistic edits onto existing images, and uses a “diffusion” process to learn the relationship between images and the text used to describe them. OpenAI is committed to meeting their mission to provide technology that benefits everyone.
Synthesia also supports collaboration with team members on video projects and lets you upload fonts, soundtracks, and media elements. The startup has received financial backing from multiple investors, including Nexus Venture Partners, Menlo Ventures, Zoom, and SoftBank Vision Fund. It enables contact center supervisors to monitor live customer interactions, prioritize conversations requiring their intervention, communicate with multiple agents, and synchronize remote teams. To create music, specify the desired length and tempo, and select the mood, genre, theme, tempo, or instrument to start generating. Glean also features a governance engine that restricts user access to only permitted information, ensuring compliance and data security.
Softweb Solutions stands as a leading provider of advanced IT solutions for enterprises, startups, and SMBs. Leveraging core strengths in AI and ML, data services, extended reality, and enterprise software, the company empowers digital transformations. By employing cutting-edge resources, a robust tech stack, and modern agile practices, Softweb develops revolutionary AI products such as generative AIs, aiming to enhance client experiences.
Much of the hoopla surrounding AI-related companies since the release of ChatGPT has focused on firms like chip maker Nvidia that make products for the new generative-AI technology. McKinsey estimates that “half of today’s work activities could be automated between 2030 and 2060,” with generative AI impacting knowledge work more than other Yakov Livshits types of work. For example, one of our portfolio companies builds software that uses GenAI tools to help companies manage contracts and draft legal documents more efficiently. Speedy’s innovative approach learns from each client’s unique style, taking edits and adjustments into account to refine and improve the generated content over time.
Cohere offers a variety of high-powered natural language processing tools for text retrieval, classification, and generation. Its approach to large language models is comprehensive, not only giving users the ability to generate new content but also to search and summarize large sets of pre-written content. With a user-friendly API, app integrations, and quickstart guides, Cohere makes it possible and encourages companies to customize Cohere products to meet their own requirements. Hugging Face is making waves with its tools for building applications using machine learning. Its transformers library, designed for natural language processing applications, and its platform that allows users to share machine learning models and datasets, puts it on the map as a leading generative AI startup to follow. This US-based startup promises to be your business’ new marketing assistant by leveraging generative AI to create engaging digital content.
Jigso’s unique “cue” feature ensures that only essential information is brought to the user’s attention, fostering increased productivity and a more streamlined workflow. Jigso declutters the digital workspace by aggregating and mining data from different apps. Using top generative AI to surface only the most relevant information and actions, Jigso helps users focus on what truly matters. By leveraging SupportGPT™ and fine-tuning it on your own data, Forethought’s generative AI technology enables support teams to easily cut costs while delivering top-tier service in every customer interaction. Veesual is revolutionizing the fashion ecommerce experience by offering a next-gen virtual try-on solution.
Founder of the DevEducation project
A prolific businessman and investor, and the founder of several large companies in Israel, the USA and the UAE, Yakov’s corporation comprises over 2,000 employees all over the world. He graduated from the University of Oxford in the UK and Technion in Israel, before moving on to study complex systems science at NECSI in the USA. Yakov has a Masters in Software Development.
Boasting a variety of products and solutions, Jasper focuses on brand voice and collaboration. Jasper can summarize text, generate product descriptions, outline blog posts, improve existing content, translate text, and more. It is challenging for managers to anticipate all the ways in which things can go wrong with a highly generative app, given the “black box” nature of the underlying AI. Thus, managers who deploy highly generative solutions must be prepared to proactively anticipate the risks, which can be both difficult and expensive. The same goes for if later you decide to offer your solution as a service to other companies.
Based on LLMs and proprietary databases, Beam uses pre-trained agents that easily integrate into applications and workflows in order to automate any repetitive task. Sereact provides a “pick-and-pack” technology that helps robots autonomously select the right items from shelves and pack them efficiently. It employs a transformer model, trained on billions of simulated images, allowing robots to identify grasping points on myriad objects without prior training.
- It can quickly create and adapt content for various platforms and audiences, freeing up time for other tasks.
- OpenAI’s first effort is Dall-E 2, which requires only basic instructions to generate digital images.
- Most of this funding stems from investor interest in foundational models and APIs, MLOps (machine learning operations), and emerging infrastructure like vector database tech.
- The technology uses nearly 30 factors that it configures and analyzes to determine the quality of interaction and customer experience when communicating with business entities.
- A boutique digital agency, bromin7 brings vetted talent to the table that helps established companies and organizations upgrade their app portfolio.
Founded in 2016, Iktos has delivered value in over 50 real-world research collaborations with leading pharmaceutical companies worldwide. ZestFinance offers an AI-driven lending solution that empowers lenders with transparency and ease. They use machine learning and data science to help companies make accurate credit decisions. Their platform, Zest Automated Machine Learning (ZAML), provides explainable AI in credit and automates risk management.
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In the past year, generative AI has gotten so much better that it’s inspired people to leave their jobs, start new companies and dream about a future where artificial intelligence could power a new generation of tech giants. Accubits is a generative AI development company that invented modern AI, which helps businesses resolve and automate complex processes. With their AI audits, any industry can identify ethical concerns and mitigate them instantly.
Founded in 2017, Addepto aims to empower innovators to mold the upcoming future through AI and data-based solutions. It combines its experience, data engineering, and AI to produce end-to-end full-stack projects. Our Mission is to extend healthy longevity through innovative AI solutions for drug discovery and aging research. We aspire to be a leader in the field of deep learning for drug discovery, personalized healthcare, and anti-aging interventions. Inworld AI provides a developer platform for creating AI-powered virtual characters to populate immersive realities including the metaverse, VR/AR, games, and virtual worlds. For years, we’ve seen TV show detectives in a lab getting a blurry picture from a crime scene and asking the technician to “enhance”, which then magically resolves to reveal the antagonist’s face.
Following US President Joe Biden’s signing of the CHIPS and Science Act, Micron Technology announced plans to invest US$100 billion in building memory manufacturing capacity in the country. “With the anticipated grants and credits made possible by the CHIPS and Science Act, this investment will enable the world’s most advanced memory manufacturing in America,” the company commented at the time. In August 2023, the company announced it has applied for federal CHIPS Act aid to build its planned semiconductor fabrication facility in Central New York. The launch of OpenAI’s ChatGPT has created major buzz around artificial intelligence (AI) stocks.
Our go-to-market service brings you experts, investors, influencers, and business execs. Jeffrey Maganis has helped 500+ projects fund over $250+ Yakov Livshits million dollars in multiple industries. He’s also invested alongside top VC and Private Equity investors both as an Angel and LP investor.