AI Startup Perplexity Targets $1B Valuation with New Funding

Perplexity is a year-old AI startup whose conversational “answer engine” has gained attention as a potential challenger to conventional search. Two months ago the venture raised $73.6 million in Series B funding from investors including Nvidia and Amazon founder Jeff Bezos via his Bezos Expeditions, resulting in a valuation of about $520 million. Now the company is said to be finalizing another cash infusion that is predicted to double its valuation to roughly $1 billion. The current financing round is reportedly being led by former Y Combinator partner Daniel Gross through his own investment fund. Continue reading AI Startup Perplexity Targets $1B Valuation with New Funding

Conversational Chatbot Optimizes Google Ads, Search Results

Google’s multimodal Gemini large language model will offer chat capabilities that help advertisers build and scale Search campaigns within the Google Ads platform using natural language prompts. “We’ve been actively testing Gemini to further enhance our ads solutions, and, we’re pleased to share that Gemini is now powering the conversational experience,” Google said, explaining the functionality is now available in beta to English language advertisers in the U.S., UK and will be rolling out globally to all English language advertisers over the next few weeks, with additional languages offered in the months ahead. Continue reading Conversational Chatbot Optimizes Google Ads, Search Results

JoshGPT Offers Conversational AI to Control the Smart Home

Smart home platform Josh.ai is rolling out JoshGPT and a handheld remote control that allows users to integrate operational functionalities with a generative assistant that answers questions across all topics. The new features are intended to make Josh.ai a contender against Amazon Alexa, Google Assistant and the Apple HomeKit. With its Josh app, location-aware Josh Micro with Nano microphones and handheld Josh Remote, the company says Josh.ai is “more than a voice add-on, it is the industry’s only multifaceted control system.” Custom software also lets Josh Remote simplify installation and provide a dedicated experience for each household TV. Continue reading JoshGPT Offers Conversational AI to Control the Smart Home

Character.AI Lets Users Chat with Wide Variety of Characters

Character.AI is a new chatbot that generates facsimiles of conversations with famous personages or original creations. Napoleon Bonaparte, Billie Eilish and Ariana Grande are among the  historical or contemporary characters the site recreates using a neural network. Anyone can use the free app to create a character, whether fictional or real, dead or alive, but a paid offering called c.ai+ provides perks including faster response times, priority access and early previews of new features. In addition to a website, the app launched on iOS and Android this month, triggering 700,000 Android installs within 48 hours. Continue reading Character.AI Lets Users Chat with Wide Variety of Characters

Snapchat+ Introduces ‘My AI Snaps’ for Chatbot Snap Backs

Snapchat is rolling out a new feature for its premium Snapchat+ platform that enables users who send Snaps to My AI let the artificial intelligence know what they’re up to “receive a unique generative Snap back that keeps the conversation going” via My AI Snaps. The feature was previewed at the Snap Partner Summit in April as part of a larger push on AI updates, including the ability to invite the My AI chatbot to participate in group chats with friends and the ability to get AI Lens suggestions and place recommendations. In addition, the My AI chatbot — made free to all users this year — was updated to reply to users’ Snaps with a text-based response. Continue reading Snapchat+ Introduces ‘My AI Snaps’ for Chatbot Snap Backs

Google to Restyle Search with a More ‘Snackable’ AI Touch

In the wake of Microsoft’s phenomenal success with Bing Chat powered by OpenAI, Google is restyling its search platform to be conversationally driven using artificial intelligence. It also plans to add more social media posts and short videos to its search results, a significant shift from the “10 blue links” of website results that have traditionally served as the Google Search template. At its Google I/O developer conference today, Google is expected to showcase new AI features that it will incorporate into search as part of a new project code-named “Magi.” Continue reading Google to Restyle Search with a More ‘Snackable’ AI Touch

Snap Promotes ‘My AI’ Sponsored Links Tests, New Ad Slots

Snap is testing sponsored links for My AI, the chatbot introduced a year ago with Snapchat+ and made available free to all users last month. “We’re experimenting with new ways that My AI can surface useful information at the right moment during conversations. This includes early testing of sponsored links to connect our community with partners relevant to the conversation in the moment,” Snap said as part of its NewFronts announcements, emphasizing paid chat links are in “an early, experimental phase.” Messaging is a core Snapchat functionality, making conversational AI a natural enhancement, Snap Americas president Rob Wilk said. Continue reading Snap Promotes ‘My AI’ Sponsored Links Tests, New Ad Slots

Microsoft’s Dynamics 365 Copilot Brings AI to Business Apps

On the heels of debuting conversational AI to search, Microsoft is leveraging artificial intelligence in corporate applications that have traditionally been dominated by competitors like Oracle, Salesforce and SAP. Dynamics 365 Copilot is an AI assistant debuting in preview as part of the software giant’s business suite. Based on technology from OpenAI, it is designed to handle tasks including sales, marketing, customer service and supply chain. It can also draft contextual chat and email answers to customer-service queries. Targeting customers and categories for sales pitches and writing product listings for e-commerce are also among its skills. Continue reading Microsoft’s Dynamics 365 Copilot Brings AI to Business Apps

Venture Capital Investors Are Drawn to Generative AI Startups

Well-funded software startups are springing up to target the enterprise market with generative artificial intelligence technology of the type popularized by ChatGPT. In 2022, global venture-capital investors parked $1.3 billion in more than 78 generative AI startup deals, according to PitchBook Data. That’s nearly as much as the combined capital investment in other tech startups over the past five years, and it came at a time when the broader investment sector was experiencing a slowdown, PitchBook found. Two of Q4’s biggest venture deals were for the generative AI startups Jasper, based in Austin, Texas, and Stability AI, headquartered in London. Continue reading Venture Capital Investors Are Drawn to Generative AI Startups

Google Touts Search Plans During Its ‘Live from Paris’ Event

Google unveiled new search features during its “Live from Paris” event via a YouTube stream. The emphasis was on multisearch, which will go live globally to mobile platforms in more than 70 languages where Google Lens is used, according to the company. Introduced last year, the multisearch feature looks through images and text, driven by an AI technology the company has developed called MUM, for Multitask Unified Model. There were no new announcements regarding Bard, Google’s new conversational AI search tool, although media outlets reported that Bard responded incorrectly in a Twitter promo the same day. Continue reading Google Touts Search Plans During Its ‘Live from Paris’ Event

Fable Studio Bets on a Future with AI-Powered Virtual Beings

San Francisco-based Fable Studio, a VR studio that won an Emmy Award for its “Wolves in the Walls” project, has debuted its first efforts in creating conversational AI virtual beings. Charlie and Beck, two characters that can converse as if they were real people, are Fable Studio’s bet in the future of such virtual beings for entertainment and even companionship. Its first AI being was Lucy, an 8-year-old girl, who starred in “Wolves in the Walls” and is now a standalone online character after the company debuted her in alpha tests last month. Continue reading Fable Studio Bets on a Future with AI-Powered Virtual Beings

CES Panel Discusses the Industries That Are Integrating AI

Experts have made it clear that artificial intelligence will soon impact all industries, and at a CES panel on “AI — All Industry Integration,” moderated by Future PLC global editor-in-chief Bill Gannon, three experts teased out what that means for chatbots, computers, smartphones and automotive. All three noted some of the common challenges, including the need to change current business models, proactively provide mechanisms for users to guard their data and find ways to cope with the unforeseen going forward. Continue reading CES Panel Discusses the Industries That Are Integrating AI