Top AI Startup News of the Week: AI21 Labs, Mad Street Den, aiOla, etc

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Notice around artificial intelligenceAssisted writing support shows no signs of slowing down this week, while some sizable funding rounds fill the top AI startup news.

Here are five companies that made headlines this week:

1. AI21 Labs launches Wordtune Spices to support writers

AI21 Lab show melody spice This week, an add-on to its popular Wordtune editing platform, challenges OpenAI’s ChatGPT by providing users with links back to web-based sources – something ChatGPT do not do. Spice also means working alongside a writer to assist with the writing process. For example, it can generate a range of text options to add to and enhance sentences, or suggest statistics to strengthen an argument or sharpen a detail.

Tel Aviv-based AI21 Lab has also released a research paper on spice‘ practicality and traceability, claiming that it includes ‘the strongest scientific results to date for the generation of any readily available language model that produces factual information that can be traced back. its source.”


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2. Mad Street Den Raises $30 Million for AI Business

based in San Francisco Foolhardy Street The caveprovide a artificial intelligence platform, geared towards enterprise transformation, raised a new $30 million this week. The company says it has seen strong demand for its AI platform over the past 24 months, driven by retail growth from the platform and new verticals including finance, insurance, care health, pharmaceutical and logistics.

In a press release, the company said it would “double the size of its business across multiple verticals,” while remaining stable as the leader in retail AI (after the acquisition it’s turn in November).

3. aiOla insures $25 million for voice and image recognition

Israeli startups aiOla, the company that has developed advanced voice and image recognition technology combined with advanced AI models to digitize, automate and streamline inspection processes, has announced that it has received received a $25 million grant. It aims to dramatically reduce operating costs, increase production time, automate trend reporting, and minimize downtime.

In a press release, CEO Amir Haramaty said: “aiOla’s proprietary and patented technology natural language interface technology is perfectly positioned to capitalize on the ‘gold rush’ in AI adoption. Our technology spans every language or lingo to every process, delivering immediate and lasting impact across a variety of industries and verticals.”

4. myInterview raises $11 million for AI-powered recruiting

In the era of silently give up and high inflation, employers are having a harder time trying to recruit and retain employees than ever. For certain types of jobs, including entry-level, retail and hospitality jobs, young people in the Gen Z demographic are especially hard to attract.

Finally, myInterview, the leader in intelligent video interviewing software, announced this week that the company has secured an $11 million Series A funding round. The Israel-based company will use the new funding to help develop its technology platform to better engage and engage with applicants. The myInterview platform uses a combination of AI and machine learning (ML) technology to help complement and accelerate the hiring process.

5. DeepL launches Write, a competitor to Grammarly

On the heel of weeks ago raising over $100 million, Cologne, Germany-based DeepL announced the launch DeepL Writean AI writing tool that it says goes beyond the company’s translation capabilities to improve written communication in both English and German.

in one Blog parcel, DeepL explains that Writing “doesn’t just solve grammar problems — it puts you in control of your writing by providing suggestions for expression, tone, style, and word choice. With so many options, you’ll never compromise your authentic voice.”

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