25 Top Generative AI Startups to Watch in 2023 TRUiC

Charm Therapeutics develops small molecule medicines against difficult-to-drug targets with its GenAI platform, DragonFold. So far, it has raised $83m, according to Dealroom, from investors including Nvidia’s venture Yakov Livshits arm, GPU Ventures, General Catalyst and Khosla Ventures. The company also recently announced a partnership with pharma company Bristol Myers Squibb to leverage DragonFold in the discovery of novel medicines.

The company’s AI-based solutions consider several variables, including improved productivity at work and high-quality customer service. OpenAI focuses on using artificial intelligence to take advantage of its strength and use it to achieve a competitive advantage. The firm claims that, with the appropriate algorithms, the application of AI extends beyond automation to include other facets of business analytics and system integration. The artificial intelligence-related services provided by OpenAI include audio, picture, and natural language processing. It also emphasizes selecting the appropriate algorithms and putting the ideal solution into practice for a customer problem.

Although most outlets would consider Microsoft ahead of Google in the generative AI race today, Google is building a foundation that looks promising for its future generative AI plans. Google is working on office suite, search, and text-based generative AI tools, much like Microsoft, but the company is actually focused on building a cloud ecosystem that operates with generative AI support integrated throughout. For example, a small group of customers is currently able to test generative AI functionality in Vertex AI and Generative AI App Builder. AWS recently became a Hugging Face partner and now offers Hugging Face products directly to its customers. A number of other companies work on Hugging Face to optimize existing AI models and develop new ones from scratch. Although the forum is designed with developers and programmers in mind, certain Hugging Face solutions, like AutoTrain, require little to no coding.

Solving real business problems via a custom ChatGPT Q/A

Brighter AI offers a leading anonymization solution for the automotive, healthcare, public sector, and research industries. Using their generative AI technology, they created a software that can either blur or anonymize (using deep learning) an image or video of a vehicle or human. A significant feature of their software is that once the image or video has been blurred or anonymized, it cannot be reverse-engineered, truly guaranteeing anonymity. In the field of healthcare, for example, videos of surgeons performing surgery is incredibly beneficial to medical students; equally important is protecting the privacy of the patient who is being performed on.

• The software integrates natively into clinical systems and maximizes clinic revenue through innovative pathways powered with custom avatars.
• Within the ever-evolving domain of artificial intelligence, generative AI persistently pushes the limits of what machines can accomplish.
• Six of the new entrants develop their own AI models, which ingest large amounts of data to learn patterns, even though building and training these models can be expensive and require a lot of computing power.
• Investors have been swept up in the kind of FOMO-driven deal-making that saw four-week-old French startup Mistral raise an eye-watering €105m in June despite having no product.

Working with our partner cities we use data to develop new solutions, identify efficiency opportunities and inform policy... The Synthetic Data Engine by Mostly AI allows to simulate realistic & representative synthetic data at scale, by automatically learning patterns, structure and variation from existing data. We are an in silico drug discovery company relying on unique quantum-inspired algorithms that predict affinity combined with AI to rapidly discover more innovative molecules with better chances of success. Stability AI develops open-source AI tools and one of their most noteworthy projects is Stable Diffusion. Those interested in joining OpenAI's growing global team are encouraged to browse the open positions in London on the company's careers page. This expansion is viewed as a tremendous opportunity to attract top-tier talent and stimulate innovation in AGI development and policy.

Generative AI foundation model providers

The platform then generates detailed summaries that allow for fast automated note-taking. London, with its dynamic tech landscape and remarkable talent, provides an ideal setting for OpenAI's first overseas office. The London teams will focus on pushing the envelope in OpenAI's leading-edge research and engineering.

This technology uses generative AI tools to learn people's facial features corresponding to any spoken audio and then reconstructs photorealistic faces for any new given text or audio. London-based startup Stability AI is revolutionizing the visual art space with AI-driven solutions. They design and implement an open AI tool that transforms text commands into images and other forms of media. Their cutting-edge open AI models extend across image, language, audio, video, 3D, and even biology, promising a broad spectrum of applications​. Runway is an applied AI research company pioneering the next generation of creativity tools.

"Cerebras has built a new class of computer system, designed for the singular purpose of accelerating generative AI work." Established in 2016 with the aim to transform extreme-scale AI, LightOn’s team has been successful in innovating the field. The company’s significant contributions include the world’s first photonic AI co-processor and an enterprise-focused LLM called Paradigm.

Yakov Livshits
Founder of the DevEducation project
A prolific businessman and investor, and the founder of several large companies in Israel, the USA and the UAE, Yakov’s corporation comprises over 2,000 employees all over the world. He graduated from the University of Oxford in the UK and Technion in Israel, before moving on to study complex systems science at NECSI in the USA. Yakov has a Masters in Software Development.

Through Dust's platform, custom AI-based apps are developed to break down internal data silos, enhance knowledge management, and facilitate semantic understanding of information. Notably, their Stable Diffusion project has garnered attention for its ability to generate images from text, providing a transparent, Yakov Livshits scalable alternative to proprietary AI tools. So, we'll be exploring these companies' fascinating world, groundbreaking technologies, and the future they're shaping. Some images generated by Stable Diffusion seem to have watermarks, suggesting that a part of the original datasets were copyrighted.

Viable is a generative AI startup that uses GPT-4 to automate qualitative data analysis and generate deep insights. Their platform analyzes massive streams of unstructured data to provide actionable insights in easy-to-understand reports. With Viable, customers can optimize their products and services, reduce operational costs, and dig into respondent traits and metadata to uncover hidden connections. The company aims to help customers understand their customers with minimal effort, so they can focus on what matters instead of tedious data analysis. Vue.ai's unified Visual AI platform combines computer vision and data science to generate product and customer intelligence, as well as market insights, driving growth in retail commerce. The company offers end-to-end AI solutions that foster intelligent retail automation, digitization, and real-time dynamic personalization.

Established by former Google Brain researchers, cohere provides AI models that help businesses improve human-machine interactions. Its flexible platform assists companies in creating captivating chatbots, crafting premium content, and summarizing complex documents. Cohere has partnered with Google Cloud to leverage its robust infrastructure and TPUs. PhotoRoom offers a suite of free tools ranging from background removal to image retouching, which enables entrepreneurs and SMBs to easily create compelling images. It is an example of a startup that has been working on the topic before the AI hype and caught the wave at the perfect time to build relevant image generation features into its core product. The company’s platform can transform text into speech using cloned voices, synthetic voices or entirely new “artificial” voices, mimicking various genders and ages.

Rephrase makes digital avatars of actual people in order to mass-produce hyper-personalized videos that assist businesses in efficiently communicating with their stakeholders. The engine behind it is a massive deep-learning model that uses several Yakov Livshits different CNN variations in conventional CNN structures and as generators and discriminators. Beam AI integrates into business workflows and offers several easy-to-use tools and features to streamline teams’ operations and increase productivity.

Frame AI focuses on improving the customer experience for businesses and other entities by using AI technology to analyze and improve interactions. The technology uses nearly 30 factors that it configures and analyzes to determine the quality of interaction and customer experience when communicating with business entities. It suggests improvements that help to streamline efficiency and profitability while enhancing the customers’ experiences. Elon Musk and other founders launched OpenAI in 2015 to develop generative AI content programs. OpenAI’s first effort is Dall-E 2, which requires only basic instructions to generate digital images. OpenAI’s recent launch of its ChatGPT AI-writing technology created significant interest in generative AI technology.

Replikr is a New Zealand startup that uses generative AI to create intelligent avatars for customer service purposes. Their ai-powered avatars are representations of people using deep learning, created by existing employee professional headshots and voices, in order to assist customers virtually. Replikr is not only providing a product, but a promising experience for businesses’ customers. Replikr assures emotionally intelligent avatars that can hold meaningful conversations with customers through troubleshooting, answering questions, and booking reservations or appointments, to name a few examples. This Berlin-based startup values privacy in the world of technological advancements and digitalization.

Writerly AI delivers productivity software that strikes the perfect balance between power and ease of use. Trusted by over 600,000 of the world's most innovative organizations and creators, Writerly harnesses the capabilities of generative AI to... Secured by blockchain, your precious memories will be retained as an anchor to your past so you can focus on experiencing life and creating memories worth recalling.