5 Generative AI Startups to Watch This 2023


Published on May 29, 2023

Artificial intelligence has been one of the biggest technological achievements in modern history. From optimizing business processes, and streamlining outdated methods, to cost-cutting a myriad of sectors around the world, to say that AI is disrupting the business ecosystem on a global scale is a mere understatement.

One of the most talked-about tech breakthroughs that emerged from this revolution is generative AI, which has been stirring headlines since 2022. With a massive capability of producing text, images, audio, and even data, this AI model has overhauled several industries, transforming the global workforce from here on out.

Studies show generative AI will account for 10% of the total global data production by 2025 with its market reaching $15.7 trillion by 2030. This spike will greatly contribute to a 26% increase in the global GDP, highlighting its continuous growth and demand in today’s business environment.

Today, 5 startups are interweaving generative AI in their company’s fabric to further eradicate obsolete practices – taking everyone a step deep into the era of modern tech advancement:

Coho AI

Coho AI is a revenue platform that focuses on enhancing companies’ ability to generate revenue from their user base by emphasizing data insights in decision-making processes. Coho AI empowers go-to-market and growth teams by helping them to identify, predict, and prioritize crucial sales opportunities. It also facilitates automated customer interactions and provides real-time visibility into their business portfolio.

Through the utilization of product usage data, lead scoring, lead predictions, and automation, Coho AI brings about a revolutionary change in how SaaS companies perceive pipeline management and strive to achieve optimal revenue outcomes.

Synthesis AI

Synthesis AI’s highly scalable data generation platform enables them to offer on-demand labeled images and videos, ensuring millions of impeccably labeled visuals. This introduction of synthetic data for computer vision opens up a fresh approach to developing more efficient models. The production of photorealistic images and videos is made possible through a unique combination of generative AI, procedural generation, and cinematic VFX rendering systems.

Additionally, they provide a range of diverse 3D human models developed using generative AI. To support their customers’ needs, they offer turnkey asset libraries for licensing and provide access to the platform for creating labeled data whenever required.

Jasper

Jasper is an AI platform that helps businesses offer an on-brand experience. It aids creators in overcoming writer’s block, generating original imagery, and repurposing content into different formats, tones, and languages using generative AI. Unlike many AI tools that are limited to specific applications and tend to produce generic outputs, Jasper can be trained to align with a company’s brand and seamlessly integrated into various platforms such as email, social media, and websites.

Jasper Art empowers users to create original AI-generated images using text-to-image and image-to-image functionalities. Moreover, Jasper Chat enables teams to engage in a natural dialogue with their friendly AI chatbot and effortlessly request it to generate ideas and refine their content.

Cohere

The team behind Cohere is composed of ML/AI engineers, thinkers, and industry experts who possess a deep passion for exploring the potential of language AI to create a better and more modern world. With a diverse range of experiences and perspectives, they work collaboratively to bring advancements in language AI to developers everywhere, ensuring accessibility and widespread adoption of these innovations.

Cohere utilizes state-of-the-art large language models based on Transformer architecture, trained on powerful supercomputers. This allows them to offer cost-effective natural language processing (NLP) solutions that eliminate the need for expensive machine learning (ML) development.

theGist

Known for its tech capability to combat app and context switching theGist harnesses the power of generative AI to enhance workplace efficiency by simplifying the creation and consumption of information through a contextual assistant. Their team consists of seasoned professionals who share a passion for streamlining productivity and promoting simplicity.

theGist streamlines workplace productivity with a single click. Their suite of tools revolves around optimizing collaboration, task and project management, and information consumption. Ultimately, their goal is to shift the workplace paradigm, allowing the tools to work for the employees and not the other way around.

Newsdesk Editor