The company, which focuses on natural language processing, has developed several NLP-based applications, including the world’s most customizable and sophisticated large language model, Jurassic-2. This model powers AI21 Studio, Wordtune, and Wordtune Read, and is used by companies to build advanced, chat-based AI apps. AI21 Labs has also created chatbots, including the Ask Ruth Bader Ginsburg AI bot. The company aims to make AI a "thought partner" to humans and change the way people read and write.
Key takeaways:
- AI21 Labs, a generative artificial intelligence startup, has raised $155 million in a Series C funding round, bringing its total funding to $283 million and its valuation to $14 billion.
- The company's large language model-based services are powered by Jurassic-2, which it claims is the world's most customizable and sophisticated LLM. It powers applications like AI21 Studio, Wordtune, and Wordtune Read.
- AI21 Labs has also built its own chatbots, including the Ask Ruth Bader Ginsburg AI bot, and Jurassic-2 is used by companies like Latitude.io and Harambee for various purposes.
- With the new funding, AI21 Labs plans to accelerate its research and development programs, pursue more partnerships with companies across the technology ecosystem, and expand its employee base.