ChatGPT has become a typical representative of the “generative artificial intelligence” craze, but it is only one of the leading products of this craze, and a large number of disruptive products and services are expected to be born based on this technology. There are a number of venture-funded startups outside the tech giants, such as OpenAI, looking to take advantage of the technology.
For example:
Cohere AI
The company’s founders are ex-Google (Google) employees. The company works to make it easier for other companies to tap into huge language models; its competitor is OpenAI’s GPT product. Cohere raised $125 million in Series B funding last year. The company also maintains a close working relationship with Google. Google provided Cohere with free training time on specialized AI computer chips in its data centers.
Stability AI
The company is famous for Stable Diffusion. Competitors for this open-source text-to-image generation model are Midjourney and OpenAI’s DALL-E 2. The company raised $101 million in a seed round, one of the largest Series A rounds ever, valuing the less than a-year-old company at more than $1 billion. A recent partnership the company struck makes it easier to deploy Stable Diffusion through Amazon’s (AWS) cloud service.
Jasper
Austin-based startup Jasper uses technology from OpenAI to provide copywriting software for marketing departments. The company raised $125 million last year at a valuation of more than $1.5 billion. According to media reports, its founders are very dissatisfied with OpenAI’s free ChatGPT, because this tool may cannibalize the company’s business.
tome
Tome was incubated from Greylock Partners and raised $32.3 million from the venture capital firm and VC firm Coatue. The company aims to help users create a variety of narrative documents, including children’s books, corporate sales text and other content. A new feature based on OpenAI’s GPT and DALL-E allows users to generate narrative scripts with diagrams based on simple text prompts.
Prisma Labs
The popular Lensa app developed by Prisma Labs uses Stable Diffusion to allow users to take selfies and convert them into cool digital avatars.
Midjourney
David Holz, the founder of the AI research lab, co-founded the gesture-control company Leap Motion. The lab’s popular text-to-image model is offered as a freemium model, competing with OpenAI’s DALL-E and Stable Diffusion.
ProFluent Bio
ProFluent Bio, a small San Francisco-based startup, uses the underlying language-simulation technology that drives ChatGPT, which can generate entirely new proteins based on textual descriptions of their function. The technology could revolutionize drug discovery and design, promising new catalysts for agriculture and manufacturing. (Fortune Chinese website)
Translated by: Liu Jinlong
Reviewer: Wang Hao
ChatGPT has become the poster child for the “generative AI” craze, but it’s simply in the vanguard of a wave of potentially game-changing products and services built on the technology. Many are venture-backed startups—and some, like OpenAI, are in the orbit of tech giants hoping to capitalize on the tech.
Here’s a sampling:
Cohere AI
This company founded by ex-Googlers is dedicated to making it easier for companies to use large language models; it competes with OpenAI’s GPT products. Cohere secured $125 million in a Series B round last year. It also maintains close ties to Google, which has Donated Cohere training time on specialized AI computer chips in Google’s data centers.
Stability AI
The company made news with Stable Diffusion, an open-source text-to-image generator that competes with Midjourney and OpenAI’s DALL-E 2. It raised a $101 million seed round—among the largest first financing rounds in history—that valued the less -than-year-old company at over $1 billion. It also recently inked a partnership to make it easier to deploy Stable Diffusion through Amazon’s AWS cloud service.
Jasper
This Austin-based startup uses OpenAI’s technology to power copywriting software for marketing departments. It raised a $125 million investment round last year that valued it at over $1.5 billion. Its founders were reportedly miffed that OpenAI made ChatGPT freely available, s into its own business.
tome
This company, incubated by Greylock Partners and backed by $32.3 million from them and venture capital firm Coatue, aims to help users create narratives ranging from children’s books to corporate sales pitch decks. A new feature, based on OpenAI’s GPT and DALL-E, allows a person to create an illustrated narrative from simple text prompts.
Prisma Labs
Creator of the viral Lensa app, which takes selfies and turns them into cool digital avatars using Stable Diffusion.
Midjourney
This AI research lab was founded by David Holz, who previously cofounded the gesture control company Leap Motion. Its popular text-to-image generator, which is available on a freemium basis, competes with OpenAI’s DALL-E and Stable Diffusion.
ProFluent Bio
Taking the same underlying language-modeling techniques that power ChatGPT, this small San Francisco–based startup creates entirely new proteins from just a text-based description of the protein’s function. The technique could revolutionize drug discovery and design and possibly create catagalts for new and manufacturing.
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