Hello! 🙋We have the following updates for you today! 📣
- Apple joins the race for AI Chatbot
- Nvidia Joins $1 Trillion Club
- Gushwork raises $2M to outsource business tasks to workforces trained in AI
Apple Joins the Race for AI Chatbot
According to a report from Bloomberg, the world’s biggest company, Apple Inc, by market capital, is working on creating AI tools like OpenAI’s ChatGPT, Meta’s Llama 2, and Google’s Bard.
The report also states that Apple has built its own framework, called “Ajax,” to create large language models (LLMs). LLMs are AI-based systems that can process and generate text, translate languages, write different kinds of creative content, and answer your questions in an informative way.
Apple has maintained a relatively low profile regarding its generative AI endeavors, while counterparts like Google, Microsoft, and Meta have swiftly advanced in the development of publicly available generative AI offerings. Nevertheless, Apple is presently trying to address the growing user need for generative AI technologies.
Nvidia Joins $1 Trillion Club
Nvidia Corp is a leading chipmaker company that has recently crossed one trillion-dollar market capital. Its market value has soared to an impressive $1 trillion within a span of under 10 months.
Its stock price has tripled, experiencing over 200% growth since October 2022.
This outstanding success is primarily attributed to Nvidia’s robust presence in the AI industry and innovative advancements in generative AI technology.
During the pandemic, Nvidia emerged as a major player in the data center and AI sectors. Its success can be attributed to its strong presence in gaming, increased cloud usage, and involvement in cryptocurrency mining.
Notably, Nvidia’s exceptional performance has surfaced its significance within the field of artificial intelligence.
The company’s market value surpassing USD 1 trillion, placed it alongside prestigious U.S. companies like Apple, Amazon, Microsoft, and Google (Alphabet).
Gushwork Raises $2M to Outsource Business Tasks to Workforces Trained in AI
Gushwork is a startup employing artificial intelligence (AI) to automate customer service tasks. The company recently raised $20 million in Series A funding led by Lightspeed Venture Partners and from existing investors.
Gushwork AI’s platform incorporates both natural language processing (NLP) and machine learning (ML) technologies to automate various tasks involved in customer service, such as answering inquiries, resolving issues, providing support, etc.
Gushwork trains AI-augmented workers to handle lead prospecting, email marketing, ad management, social media engagement, webinar moderation, CRM setup, and more.
The platform proves highly beneficial for enterprises seeking to enhance customer service, reorganize operations, reduce expenses, and deliver superior client experiences.
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