Larry Li’s Post

My latest in The Wall Street Journal: DeepL, a German startup focused on AI-powered translation services, announced Wednesday $300 million of investment at a $2 billion valuation in a round led by Index Ventures. The company’s success reflects businesses’ increasing interest in function-specific AI models, in this case translation, beyond the general purpose models popularized by OpenAI’s ChatGPT. DeepL, founded in 2017, leverages a proprietary generative AI model trained and designed to bring a new level of sophistication, accuracy and idiomatic comprehension to business translation. “The broad foundational models are going to be very, very helpful for a number of things, but especially when you get into the enterprise space, they’re going to be more sector or vertically oriented,” said Danny Rimer, partner at Index Ventures. Read the full, unlocked story here: #tech #ai #cio #artificialintelligence Jaroslaw (Jarek) Kutylowski

Quick thoughts on this trend we're seeing in the market. DeepL’s recent $300 million investment is a clear sign that businesses are increasingly valuing function-specific AI models. Unlike general-purpose tools like OpenAI's ChatGPT, DeepL's AI offers exceptional accuracy and nuanced understanding, essential for high-stakes enterprise translations. This shift means companies should look into specialized AI solutions to meet their unique needs, ensuring precision, privacy, and security. For those of us working in global markets, leveraging these targeted AI models can greatly enhance communication and efficiency. It's probably a smart move to start exploring these advancements now to stay competitive in the rapidly evolving AI landscape.

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“Godmother of AI” Fei-Fei Li founded a #startup called #WorldLabs four months ago, and it’s already worth $1 billion, according to The Verge. Apparently World Labs has already taken two funding rounds from the likes of #AndreessenHorowitz and #RadicalVentures. Around half of startup funding has gone to the #AI sector in the last three months. Li, who has taken a partial break from co-directing the Stanford Institute for Human-Centered AI, is apparently trying to make a breakthrough in giving AI “spatial intelligence” through human-like interpretation of visual information. https://lnkd.in/eWgxbAFC

1️⃣ Enter your business data in 9 steps 2️⃣ Get AI Review, ideas, solutions, news for new strategies Our platform uses the artificial intelligence of OpenAI, ChatGPT 4o and other versions to generate AI Reviews. www.prosperityai.ai Growth is well-being! #startups #ceo #SMEs #strategy #AI

In the year 2023, shortly after the launch of ChatGPT, by OpenAI, we had an AI boom, many startups and tools were created, in order to meet this moment that was just beginning. Many entrepreneurs have become millionaires as a result. In this post we highlight the most valuable startups that are directly linked to Artificial Intelligence. #AI #AI #OpenAI #DeepMind #Google #Startup #Top

With the recent surge in interest around Large Language Models (LLM) and investors' newfound fascination with Generative AI, many companies are rushing to integrate generative AI for internal purposes or to enhance product features. However, it's important to question whether these initiatives truly address the underlying issues. For instance, recent news that Klarna's OpenAI agent does the work of 700 support staff. Suppose each support member handles 20 tickets(conversation) daily (the global average is 25), that is 14,000 tickets. This raises an important question: Is the volume of tickets the real problem, or is it how effectively we can manage these tickets with AI? While Klarna, with its resources, can afford to experiment with such technologies, startups should proceed with caution. Before hopping on the LLM bandwagon, it's vital for startups to critically assess whether these solutions genuinely solve their product's core issues. Many startups can still deliver significant value to their users without using AI, and investors should not overlook these startups. #Klarna #Prioritization #Focus

1️⃣ Enter your business data in 9 steps 2️⃣ Get AI Review, ideas, solutions, news for new strategies Our platform uses the artificial intelligence of OpenAI, ChatGPT 4o and other versions to generate AI Reviews. www.prosperityai.ai Growth is well-being! #startups #ceo #SMEs #strategy #AI

…but startups are now attracting investors and customers by embracing a smaller — and more affordable — approach for #AI small models driven by a number of factors, including #technology improvements, a growing awareness of the immense energy demands #esg and a more diverse range of AI options for different uses. Small language models are not just #cheaper for tech companies to build but also for business customers to use, lowering the bar for adoption. Given that investors are increasingly worrying about the high cost and uncertain payoff of AI ventures, more tech companies may choose to go this route.#digitaltransformation

1️⃣ Enter your business data in 9 steps 2️⃣ Get AI Review, ideas, solutions, news for new strategies Our platform uses the artificial intelligence of OpenAI, ChatGPT 4o and other versions to generate AI Reviews. prosperityai.ai Growth is well-being! #startups #ceo #SMEs #strategy #AI