Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO

Primer is an older competitor in this space, founded two years before the invention of the transformer. Most often, foundation models are built and open-sourced by the publicly traded technology giants—e.g., BERT from Google, RoBERTa from Facebook. An aiDriven chatbot contains a simple dashboard and different metrics for estimating results (e.g., chat volume, goal completion rate, fallback rate, or score of satisfaction) which are easy to interpret.

According to the company, its technology boosts average revenue per sales rep by 27%, translating into massive ROI for its customers. One exciting startup building next-generation video search capabilities is Twelve Labs, which announced its seed financing earlier this month. Twelve Labs fuses cutting-edge NLP and computer vision to enable precise semantic search within videos.

Not surprisingly, therefore, the market for sales intelligence AI is booming. But significant opportunities also exist for startups in the fast-changing world of language translation. The most widely used AI-powered language translation service in the world is Google Translate.

AI-driven audio cloning startup gives voice to Einstein chatbot

Unsurprisingly, given that it is the birthplace of the transformer and the most advanced AI organization in the world, Google has incorporated the latest NLP technologies to vastly upgrade its Translate service in recent years. It therefore is and must be at the heart of our efforts to build artificial intelligence. MetaDialog’s conversational interface understands any question or request, and responds with a relevant information automatically. Healthcare data is incredibly messy, as anyone who has been exposed to the modern healthcare system knows.

  • Language barriers are a fundamental impediment to international business and travel, costing untold billions in lost productivity every year.
  • As the previous section highlighted, contact centers are a massive—and massively underdigitized—market.
  • There is also significant opportunity for startups in search beyond the consumer internet search market with which Google has become synonymous.

Instead, virtually all advanced NLP in use today, no matter the industry or setting, is based on one of a small handful of massive pretrained language models. Stanford researchers recently dubbed these pretrained models “foundation models” in recognition of their outsize influence. Last month, contact center AI startup Uniphore raised a $400 million round from NEA that valued the company at $2.5 billion.

Integrate with APIs and Tools

The most well-funded of these competitors is Ada Support, a Toronto-based startup that has raised close to $200 million from blue-chip venture capitalists. Ada powers automated interactions for enterprises in customer support and sales across text-based channels including web chat, SMS, and social media, intelligently looping in a human agent when needed. With a long list aidriven audio startup voice to chatbot of marquee clients including Zoom, Shopify, Verizon and Facebook, Ada powers over one billion customer interactions annually. The final category of NLP startups in this article is the only one oriented around a specific industry vertical. From chatbots to search, it turns out that most language AI capabilities have broad horizontal applicability across industries.

Next-generation language AI is poised to make the leap from academic research to widespread real-world adoption, generating many billions of dollars of value and transforming entire industries in the years ahead. We have a simple pricing model based on questions asked, refer to our Pricing page to learn more. Any textual content can be imported, CRMs, databases and even simple docs. This novel paradigm for AI-augmented writing is already starting to become a reality, driven forward by a handful of interesting startups. Next-generation NLP promises to transform how humans write, reconceptualizing one of civilization’s most basic and vital activities.

Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO

And make no mistake—given the scale of the challenge, the market opportunity here is massive. Facebook alone reportedly spent $13 billion on content moderation between 2016 and 2021, including paying Accenture $500 million per year to work on the problem. The problem of toxic content has been a reputational nightmare and a technological quandary for social media platforms like Facebook in recent years.

They do not represent a full clinical solution but rather one potentially useful tool for those in need. Language is a slippery, nuanced phenomenon; it is impossible to build an AI model today that can reliably detect every instance of fake news or sexual harassment. But an intriguing group of startups is applying NLP to help organizations make a dent in the problem. Duplex is an AI system that, in a remarkably human-sounding voice, can place phone calls on behalf of human users to complete routine tasks like booking a dinner reservation or a hair appointment.

Transform your content into knowledge based conversation

When its AI encounters a complex conversation topic that it cannot resolve on its own, it pulls in a human agent. Replicant is one promising startup applying voice AI to automate contact center agent activity, reducing wait times for customers and cutting costs for companies. Replicant spun out of Atomic, the high-profile startup studio that has produced companies like Hims and OpenStore. Aircover, which raised a seed round last year, and Wingman, which came out of Y Combinator in 2019, are two examples. The runaway leader in this category is Gong, which has raised close to $600 million in venture funding.

The company raised a Series A and a Series B in quick succession last year from top venture capitalists. The leading startup building mental health chatbot technology is Woebot, which has raised close to $150 million to date from investors including NEA and Temasek. Woebot emphasizes that its conversational AI is grounded aidriven audio startup voice to chatbot in clinically validated therapeutic approaches including Cognitive Behavioral Therapy . A close Ada competitor, Rasa’s product caters to more technically savvy users, with a greater focus on chatbot configurability. Rasa’s AI stack is open-sourced, with over 600 contributors and over 10 million downloads.

Other startup competitors in this category include Observe.ai, whose product is oriented around post-conversation analytics rather than real-time coaching, and Level AI, which focuses on automating call center quality assurance. As the previous section highlighted, contact centers are a massive—and massively underdigitized—market. There is tremendous opportunity to transform the world of contact centers with software and machine learning. One last startup of note in this category is Resemble AI, which specializes in generating realistic human voices using generative adversarial networks . Resemble’s synthetic voices can speak with all the nuance and range of a human—for instance, whispering or communicating with various emotions—and are finding use cases from video games to advertising.

Content Moderation

Espressive claims that its chatbot platform can resolve between 50% and 70% of all employee helpdesk tickets without human assistance, recouping over a week of productivity per employee per year. Conversational AI platforms can automatically field and resolve many of these employee support requests, reducing the need for human intervention and saving organizations vast amounts of time and money in the aggregate. A promising group of startups has emerged to provide the technology and infrastructure for companies across industries to create and operationalize chatbots.

Top Innovative Artificial Intelligence (AI) Powered Startups Based in Canada (2022) – MarkTechPost

Top Innovative Artificial Intelligence (AI) Powered Startups Based in Canada ( .

Posted: Wed, 12 Oct 2022 03:57:28 GMT [source]

Absolutely not, the only thing you need to do is import your data into the system, the rest is done automatically. In just one click connect to all of your content, import data from your website, databases, documents and CRM. MetaDialog can work easily with whatever tools you’re using, including Mailchimp, Zapier, Apify, Amplitude and many, many more.

This open-source strategy gives Rasa’s customers greater transparency and control over the conversational AI interfaces that they build and deploy. Algolia is a more well-established player in enterprise search; the company has raised over $300 million in venture funding since graduating from Y Combinator in 2014. Algolia offers an API that enables its customers—from tech companies like Slack to media businesses like the Financial Times—to embed search experiences in their websites and applications.