It’s been a few weeks because the launch of OpenAI’s chatbot ChatGPT and sufficient and extra has already been stated about it. Inside a span of 5 days ChatGPT customers surpassed 1,000,000 customers. What can the bot not do? It could actually work with a scope broad sufficient to lift an argument for ChatGPT being a substitute for Google, it may possibly write a poem, generate advanced Python code, write college-level essays and provide life recommendation.
However because the hype created round ChatGPT unfold like wildfire, one didn’t must look too far to seek out fault with it. ChatGPT wasn’t at all times correct and appeared assured as ever whereas stating deceptive ‘information’. A few days again, the phrase got here from the horse’s mouth — OpenAI chief Sam Altman cautioned individuals in opposition to the ‘reliance on ChatGPT for factual queries’. Briefly, it seems ChatGPT isn’t as sensible because it initially promised.
Additionally, the joy surrounding ChatGPT isn’t remoted. Tech traders are pouring cash into startups that specialise within the generative AI subject. In response to tech business agency PitchBook, a bit of early-stage traders have shifted their consideration from cryptocurrency and associated companies to generative AI startups. So whereas ChatGPT is the newest entrant, a slew of AI-powered writing assistants had already cornered the content material creation phase forward of ChatGPT. And with so many rivals within the house, there are ones specifically tailor-made for particular roles.
As the keenness round AI textual content and picture turbines grew, a startup creating AI content material known as Jasper raised USD 125 million in October this 12 months pegging the corporate’s valuation at USD 1.5 billion.
Earlier this 12 months, Jasper expanded its product vary to incorporate Jasper Artwork, an AI text-to-image generator and a browser extension to make use of the device throughout web sites and platforms. Jasper can be in the midst of buying AI startup Outwrite, a grammar and style-checking platform like Grammarly, with greater than 1,000,000 customers worldwide. In addition to having features like the fundamental plagiarism test, Outwrite can be centered on making stylistic strategies round construction to the piece.
Since its inception in 2020, Jasper has introduced in round 100,000 prospects closing out 2022 with over 100% enhance in Annual Recurring Income (ARR).
Cerebras: Differentiating issue for Jasper
Whereas ChatGPT makes use of Microsoft’s Azure AI supercomputing infrastructure to coach the GPT-3.5 fashions, on November 29, JasperAI introduced it will begin coaching its fashions on Cerebras Programs. Cerebras is hosted on the Cirrascale Cloud Companies and is constructed to allow coaching of the GPT-class fashions together with GPT-3, GPT-J and GPT-NeoX. Cerebras AI Mannequin Studio permits customers to connect with the Cerebras Wafer-Scale cluster together with Cerebras’ new Andromeda AI supercomputer by means of the cloud.
Cerebras AI Mannequin Studio can practice the GPT fashions at half the price of conventional cloud suppliers with just a few strains of code. The corporate said that customers can practice fashions with higher sequence lengths of as much as 50,000 tokens on a 16-node Cerebras Wafer-Scale cluster. These fashions can vary from between 1.3 billion and 175 billion parameters and shall be skilled 8 instances sooner with higher accuracy than on an A100 GPU.
Mainly, Jasper “can practice its profoundly computationally advanced fashions in a fraction of the time and prolong the attain of generative AI fashions to the individuals” utilizing Cerebras’ Andromeda AI supercomputer. In response to Andrew Feldman, CEO and co-founder of Cerebras Programs, the AI Mannequin Studio is meant to democratize AI by offering “entry to multi-billion parameter NLP fashions on our highly effective CS-2 clusters, with predictable, aggressive model-as-a-service pricing”.
Many within the AI writing assistant market
A report by Verified Market Analysis said that the writing assistant software program market was valued at USD 410.92 million final 12 months and has been projected to succeed in USD 1.37 billion by 2030, rising at a compounded price of 14.27% from between 2023 and 2030.
Author, an AI writing assistant used particularly by firms for forming content material tips and model compliance guidelines, raised USD 21 million in Collection A funding from VC agency Perception Companions and different CEOs together with Scott Belsky and Jack Altman.
Final 12 months in November, AI writing developer Grammarly raised greater than USD 200 million in funding led by funding administration agency Baillie Gifford, pegging Grammarly’s valuation at round USD 13 billion. The startup claims to have greater than 30 million customers and its AI provides greater than 100 billion strategies for enhancing customers’ writing each month.
Then there’s Notion AI, a preferred note-taking and database app which now makes use of AI to create social media posts, scaffolds for blogs and different content material items.
Ryter AI has a wide range of choices on its dashboard to assist customers adapt to a wide range of totally different tones together with formal, inspirational and even fearful. It additionally has a language translation engine that’s near excellent.
