Combining the power of artificial intelligence with human creativity can be a powerful tool for solving problems. Adept, a startup that has raised $350 million in a Series B funding round, is proving this point with its platform which enables humans and computers to work together creatively to solve problems. With so much money being invested in AI, it is clear that the appetite for this technology is insatiable.
Forbes reports that the valuation was higher than previously thought, estimating it at “at least” $1 billion. The health-tracking startup has already made significant strides in its short life, raising over $70 million in venture capital and expanding to nine countries. With continued
Adept’s new cash injection is seen as a sign of continued growth for the company, which has already established itself as a leading provider of natural language processing (NLP) software. With this money set aside to help expand productization and grow the headcount, Adept looks to solidify its position in the NLP market and continue its rapid expansion into new markets.
It’s the goal of Adept, a startup focused on building artificial intelligence teammates that can use a wide variety of different software tools and APIs, to create AI models that can turn text instructions into sets of digital actions. By studying how people use computers — specifically how they browse the web and navigate software — Adept hopes to train its AI models so that they can carry out these tasks on their own. This would be an essential step forward for artificial intelligence, which is currently still quite limited in its ability to autonomous take on tasks outside its specific training environment.
AI has the potential to free people from mundane, repetitive tasks in their everyday lives, freeing up time and energy for more exciting pursuits. While nascent at this point, there is a marked trend among some of the most innovative companies in Silicon Valley to explore ways that AI can be used to improve human productivity. Companies like Alphabet-backed Adept and DeepMind are working on different strategies to exploit AI’s natural abilities to learn and problem solve on its own, while LinkedIn co-founder Reid Hoffman and entrepreneur Mustafa Suleyman are teaming up with Inflection AI to help humans work faster and more efficiently with computers. With so much focus on how AI can enhance our day-to-day lives, it is likely that we will see even more amazing innovations in this space soon!
There is a great deal of investment in artificial intelligence (AI) going on despite the current economic climate, according to a survey by Intel-owned Cnvrg.io. Nearly half of AI professionals said that they believe organization investment in AI development will increase in the coming years, even as overall spending drops. This indicates that there is still significant potential for growth in this area of technology.
Adept may have experienced some high-level turnover recently, but the company is still very committed to its lean philosophy. It has only 25 employees, and it is reportedly experiencing high levels of productivity. While Adept may not be a household name just yet, it is fielding some very competitive products and could soon be well on its way to becoming a major player in the startup space.
According to Forbes, Adept’s ACT-1 will display as an overlay window on top of existing software like Google Chrome or Salesforce. This could enable recruiters to more quickly and easily view LinkedIn URLs when searching for potential candidates. The prototype is currently available for desktop, but a mobile version is in the works. So far, product development has not been disrupted by this new innovation.
These strategic investors may be taking notice of the ACT-1’s potential for AI assistant software development and collaboration, as it is versatile and able to work well with other programs. Additionally, its low price point could make it a popular choice among smaller businesses and researchers.
Adept has delivered a commercial product that pushes the generative AI frontier beyond text and image modalities into the practical realm of knowledge worker actions. This could lower the barrier to entry within enterprise workforce, yielding greater inclusive prosperity. enterprises would benefit from having ACT-1 in their toolkit as they strive to create more innovative products and services.
