AI21 Labs, a leader in generative artificial intelligence, recently announced additional investment, bringing its new round of funding to a total of 20.8 billion US dollars, and the company's valuation rose to 1.4 billion US dollars. The round attracted new investors, including Intel Capital and Comcast Ventures, to join previous investors. So far, the total funding amount of AI21 Labs has reached 3$3.6 billion.
AI21 Labs is a research lab and commercial company focused on the artificial intelligence subfield of natural language processing (NLP). The company has several well-known founders, including co-CEO Yo** Shoham (pictured right), a professor emeritus and serial entrepreneur at Stanford University who has given the two companies to Google. Also included are Hebrew University professor Amnon Shashua (pictured middle), founder of Mobileye NV, which was acquired by Intel in 2017 for $15.3 billion, and co-CEO Ori Goshen (pictured left), Crowdx LtdThe founder.
AI21 Labs' mission is to transform AI into a "thinking partner" for humans, thereby changing and shaping the way people read and write. To achieve this, the company has developed a range of NLP-based applications. Many existing large language models are a "panacea", focusing on versatility and wide applicability. However, AI21 Labs claims that its LLMs are more focused. Based on the "task-specific model" of the Jurassic-2 large language model, the company provides API-based access to be applied to a variety of specific scenarios.
AI21 Labs believes its LLMs have an advantage over their competitors. The company provides a set of neural symbolic architectures that combine LLMs with external knowledge sources and discrete inference. This architecture allows for more precise answers to questions and fewer fictitious responses when the model doesn't know how to respond to prompts. According to Andy Thurai, vice president and principal analyst at Constellation Research, AI21 Labs' Jurassic-2LLM is more accurate than other custom LLMs. "It's relatively inexpensive, and the text generation and summarization features and apps built on top of it, like Wordtune, are excellent," he says.
Finding AI Writers Program To achieve the full application of artificial intelligence, AI21 Labs has built its own chatbot, similar to ChatGPT. One of the most peculiar of these is the "Ask Ruth Bader Ginsburg AI Robot," which demonstrates the capabilities of the company's LLMs by training on interviews, speeches, and written words delivered by the U.S. Supreme Court judge of the same name for more than 27 years.
Anthony Lin, vice president and head of investments at Intel Capital, said AI21 Labs' multidisciplinary approach is key to delivering AI to end users. "The AI21 full-stack solution combines foundational models, successful applications, and operational tools to help companies accelerate generative AI adoption, increase productivity, and impact revenue and profits. ”
Looking ahead, AI21 Labs said that the new funding will help the company expand its market share and make more people aware of the irrationality of "generalization" in the LLM space. "Deploying AI at scale requires a deep understanding of high-performance language models in order to provide better value and impact," Goshen added. Our approach is to design purposeful AI to make it more efficient and cost-effective than building it from scratch. ”
With this funding round, AI21 Labs will continue to lead the generative AI market, providing state-of-the-art technologies and solutions to businesses around the world. With the continuous progress of artificial intelligence technology, more innovative applications will enter our lives and inject strong impetus into social development.
AI21 Labs' huge funding round is further evidence of the huge potential of the generative AI market. With the support of high-profile investors such as Intel Capital and Comcast Ventures, the company will continue to drive technology innovation to deliver high-performance, focused LLM solutions to enterprises around the world. In the future, AI21 Labs will continue to play a leading role in leading the industry towards a comprehensive era of AI applications.