INTELLI™ Weekly Insights | Series 29
Friday April 21th | Volume 1 Series 29 | AI Companies To Look Out for, Google's plan to rival ChatGPT, and some tips on how to use AI for marketing.
📅 Happy Friday to you all - We’ve got another round of news and updates brought to us by the team at INTELLI™. We have some AI companies to watch out for, a quick summary of the upcoming Google Bard AI, and some more AI companies you can start using right now.
Before we get started on Artificial Intelligence, it's important to first understand what AI is. AI refers to the ability of a computer program to think and learn independently, resembling human intelligence. This allows machines to perform tasks that were previously only possible for humans. There are three main types of AI: weak AI, which is limited to one task, strong AI, which can understand and learn any intellectual task that humans can, and super AI, which is a theoretical concept that would surpass human intelligence and be able to perform any task better than a human.
👁️ Top Growing AI to Keep Your Eye On 👁️
Exploding Topics gave their own list of Top 40 AI Companies to keep an eye on, which we’ve summarized 10 of them here for you:
Frame - creating a top-notch customer success platform through the integration of cutting-edge artificial intelligence software with a sturdy solutions framework, which aims to address multiple customer-related issues. With the development of "The Voice of the Customer engine," organizations can employ Frame's services to recognize common themes among customers, determine patterns for retaining or acquiring customers, and convert subjective feedback into objective data for management.
Moveworks - an artificial intelligence platform that facilitates the creation of a superior work environment for employers. By utilizing natural language comprehension (NLU), conversational AI, and probabilistic machine learning, this platform can fully assist employees in resolving their issues. Some of the ways in which AI is applied include resolving common inquiries such as software access and routing document approvals to the appropriate personnel.
DataRobot - widely recognized as a top enterprise AI provider, having secured over $700 million in funding and established partnerships with prominent companies such as Kroger, Humana, Lenovo, and LendingTree. With DataRobot, organizations can leverage AI to achieve cost savings, gain access to advanced analytics that generate actionable insights, and deploy cutting-edge predictive models that executives can use to make informed decisions about the future.
Osaro - addressing the challenge of scaling up AI automation for industrial applications by designing intelligent robots that optimize the supply chain. Warehouses typically involve complex object manipulation tasks, such as seeing, picking, and placing items. Osaro's advanced AI technology enables robots to move and operate with agility, continuously refining task execution. Osaro's solutions have been successfully implemented in various industries, including grocery stores, cosmetics, and distribution centers.
Pony - widely recognized as a prominent player in the field of AI self-driving companies, having secured over $1 billion in funding since its inception in 2016. What sets Pony apart is its distinctive approach, with a dual emphasis on both China and the United States, to address diverse regulations, road conditions, and safety hurdles. Toyota recently invested $400 million in Pony to expedite the commercialization of its AI technology.
Eightfold - leveraging the power of AI to offer a suite of HR products that target talent retention, training, and recruitment in the job market. With notable clients such as Postmates, Capital One, and Hulu, Eightfold has established itself as a leading provider of HR software that integrates artificial intelligence in its offerings.
Netra - an all-in-one video analysis platform that leverages artificial intelligence to deliver real-time recommendations or capture video data. Its array of tools, including safety analysis, metadata analysis, and object detection, enables users to rapidly deconstruct video content or analyze live streams. With Netra's API, users can submit a video URL and gain access to a comprehensive suite of tools, including the ability to identify advertisements, flag inappropriate content, and evaluate the performance of logos and brands in live streaming videos.
Spacemaker utilizes their AI technology to enhance the worth of real estate properties, focusing on the construction and real estate sector. Their software streamlines the site-planning process through a fully automated and interconnected workflow, which is a significant advancement in a field that has traditionally lagged behind in technological advancements.
Capacity - developed a Helpdesk that is entirely powered by AI, which continuously learns from the interactions between customers and employees, and automates processes and decisions in real-time. This leads to enhanced customer satisfaction, while also freeing up employees from routine tasks, allowing them to concentrate on more strategic thinking and decision-making activities.
Dataiku - an AI platform designed for large-scale enterprises, enabling data analysts and technically skilled developers to create tailored AI solutions and applications that fit their specific business needs. Rather than offering a standard approach, Dataiku offers a workbench that allows for customized AI solutions. Their platform includes training, toolboxes, and sandboxes, making it one of Gartner's leading platforms in the fields of data science and machine learning.
To read more about the stats click here.
📰 Google’s plan to rival ChatGPT: Here's What's Up 📰
Google and parent company Alphabet's CEO, Sundar Pichai, has announced the launch of Bard, an AI-powered chatbot that aims to compete with OpenAI's ChatGPT. Bard, which is built on a large language model that draws information from the web to provide fresh, high-quality responses, will be made available to "trusted testers" this week, with plans to launch it to the public in the coming weeks. The announcement comes as Google's core product, online search, is widely thought to be facing its most significant risk due to the rise of AI-powered chatbots like ChatGPT. Google has also announced that AI-powered features will soon begin rolling out on its flagship Search tool. However, the potential for AI chatbots to perpetuate biases and spread misinformation means it is critical to bring experiences rooted in these models to the world in a bold and responsible way, according to Pichai.
Read more about Bard here.
🔥 INTELLI™ Featured Deals 🔥
This week, we wanted to highlight a few deals that INTELLI™ was involved in.
Character.AI - 150 Million Series A
Character, an artificial intelligence-powered platform founded by former google employees, has raised $150 million in a funding round led by Andreessen Horowitz, valuing the company at $1 billion. The platform uses AI to analyze and evaluate job candidates' personalities and provides insights into how they might fit into a company's culture. The funding will be used to expand Character's product offerings and accelerate its growth. The company has seen significant growth in the wake of the pandemic as more companies have shifted to remote work and need new tools to assess job candidates remotely.
Adapt.AI - 350 Million Series B
Adept AI has secured $350 million in funding as part of their series B round. The financing round was led by General Catalyst and Spark Capital, and has resulted in the startup being valued at a minimum of $1 billion. Spark Capital also led Anthropic's funding round last week. Adept AI is focused on developing AI models that can perform actions rather than just responding to text commands, such as those used by chatbots. The company's generative AI has the potential to assist users with a wide range of tasks, from internet browsing to navigating enterprise software tools. Adept AI had previously raised $65 million in a Series A funding round. It appears that generative AI startups are continuing to attract significant amounts of investment.
Alphasense - 50 Million Series D
AlphaSense has announced the closing of a $50 million Series D funding round led by Innovation Endeavors, with participation from other investors including Soros Fund Management and other existing investors. The funding will be used to further develop AlphaSense's AI-powered search and discovery platform, expand its global reach, and enhance its product offerings. AlphaSense has experienced significant growth in recent years, with over 1,000 enterprise customers and 100% year-over-year revenue growth. The company's platform aims to streamline research and analysis for financial professionals and other corporate researchers by leveraging AI and natural language processing to quickly find relevant information from a vast amount of data.
🔓 INTELLI™ AI Marketing Tips 🔓
An article discussed how artificial intelligence (AI) can transform a startup's marketing efforts in five different ways, we summarized them below:
Personalization: AI can help startups personalize their marketing efforts to target specific audiences based on their behavior, interests, and preferences.
Customer service: Chatbots and virtual assistants powered by AI can provide round-the-clock customer service and support, helping startups to improve customer satisfaction and retention.
Predictive analytics: AI can help startups to analyze large amounts of data to identify patterns and make predictions about customer behavior and market trends, enabling them to make better-informed marketing decisions.
Content creation: AI tools can assist startups in creating high-quality and relevant content for their marketing campaigns, including videos, social media posts, and blog articles.
Advertising optimization: AI can help startups to optimize their advertising efforts by analyzing data on audience demographics, ad performance, and campaign effectiveness to improve targeting, conversion rates, and ROI.
💰 Making Money With AI 💰
Many young entrepreneurs are leveraging AI and No-Code tools to generate a monthly income. They are using these tools to create online money-making machines. Here are six free tools that you can use to start making money online:
Beehiiv: A publishing platform that enables you to launch, scale, and monetize your newsletter.
Postwise: A tool that helps you write viral tweets, schedule your content, and send auto DMs to capture your audience's attention.
ChatGPT: A free personal assistant that can help you generate unlimited content, develop new ideas, and conduct research.
Notion AI: Access the limitless power of AI, right inside Notion. Work faster, write better, and think bigger.
Decktopus AI: Introducing the future of presentations. Create amazing presentations in minutes and share them easily with your colleagues.
Durable: The world's fastest AI website builder. Generate an entire website with images and copy in seconds.
As always, stay tuned for more updates and insights from the team at INTELLI™.