AI21- Labs attracted more investors

AI21- Labs attracted more investors

T el Aviv, 7/13/2022.

AI21 Labs, an AI research lab and product company specializing in natural language processing (NLP), announced a $64 million funding round, valuing the startup at $664 million.

AI21 Labs recently released „Ask Ruth Bader Ginsburg,“ an AI model trained to answer questions the same way the late Supreme Court justice did.

AI21 Labs focuses on both AI research and commercial applications. It was founded in 2017 by serial entrepreneur and Stanford professor emeritus Yoav Shoham, CrowdX Ltd founder Ori Goshen, and Mobileye NV founder and Hebrew University professor Amnon Shashua. AI21 has raised $118 million to date.

AI21 Labs has developed AI21 Studio, an NLP-as-a-service platform for developers to create chatbots, virtual assistants and other text-based applications.

AI21 Studio includes Jurassic-X, an advanced NLP system that powers the Ruth Bader Ginsburg model. This system was trained based on more than 27 years of Ginsburg’s legal writings and speeches.

AI21 Labs describes the bot as an experiment to pay homage to the late judge and highlight the capabilities and shortcomings of current AI systems, noting that it doesn’t always respond as Ginsburg would.

On the product side, AI21 has developed and released the AI writing assistant Wordtune, a competitor toammarly, and its cousin Wordtune Read, which analyzes and summarizes documents.