A Wave Of Billion-Dollar Language AI Startups Is Coming

Abstraction: 2022 landscape survey of language AI startup ecosystem categories

Key points:

• Two breakthroughs drove the NLP wave: self-supervised learning and the transformer architecture; GPT-3 is the most prominent foundation model available via API
• Startup categories identified: horizontal NLP providers (Cohere, Hugging Face, AI21 Labs), search (You.com, Algolia), writing assistants (Grammarly at $13B valuation, CopyAI), language translation (Lilt, BLANC), sales intelligence (Gong at ~$600M raised), chatbots (Ada Support at ~$200M), contact center AI (Uniphore at $2.5B, Cresta at $1.6B), content moderation, and healthcare NLP
• Inflection AI launched with Reid Hoffman and DeepMind co-founder Mustafa Suleyman; author notes Cohere co-founder Aidan Gomez is a co-inventor of the transformer
• Healthcare NLP spans patient chatbots (GYANT, Woebot), medical record automation (DigitalOwl), and RNA therapeutics (Inceptive)
• Author is a partner at Radical Ventures, investor in Cohere, You.com, Hebbia, Twelve Labs, and BirchAI

Connections: Openai · Cohere · Hugging Face · Inflection AI · Large Language Models · Transformers · Foundation Models

Source: https://www.forbes.com/sites/robtoews/2022/03/27/a-wave-of-billion-dollar-language-ai-startups-is-coming/?sh=413fac22b14f