Natural language processing (NLP) technologies are being increased by enterprises. According to a survey from John Snow Labs and Gradient Flow, a majority of tech leaders said that their budgets grew by at least 10% compared to 2020.
It is a fiercely competitive market. There is a new crop of vendors that are building services on top of open source artificial intelligence models. Yochai Levi isn't discouraged. He is one of the co-founders of One Artificial Intelligence, a platform that emerged from stealth with $8 million in funding.
The market is growing fast, but advanced NLP is still being used by experts.
One artificial intelligence.
Levi believes that there are some major challenges in the development of NLP. He argues that it is difficult to find open source models that are compatible with the right task and domain. A text-generating model trained to classify medical records is not a good fit for an app designed to create advertisements. If models are retrained with new data, they will become stale.
Levi believes the solution is a package of models trained for specific business use cases. He collaborated with the CEO, Aviv Dror, and Asi Sheffer to pursue the idea. After LogMeIn acquired his second startup, Ben was the head of artificial intelligence. Dror was a platform product manager at Wix. Sheffer was the principal data scientist at LogMeIn. Levi was the head of marketing at WeWork.
A set of models that can be mixed and matched can be used to process text. Levi said that each model is selected and trained for its applicability to the enterprise, and that it is matched by the platform to a customer's task and domain. Open source and proprietary models can be combined with One AI's models to extend their capabilities.
Text, voice, and video can be inputs into the platform's application programming interface. Users can use the language studio to experiment with the APIs and generate calls to use in code.
It is time for machines to start adapting to us, according to Ben.
One artificial intelligence.
The free tier includes processing for up to one million words a month. 100,000 words for $1 is added by the growth tier.
It will be difficult for One AI to convince customers that its services are more attractive than what they already have. Openai said in April that tens of thousands of developers were using GPT-3 to generate words for hundreds of apps. It could be argued that there is a large enough slice of the pie for newcomers.
Yaron Samid, founder and managing partner of TehAviv, said that language is the most valuable undiscovered resource. Negative outcomes include lost sales, lower levels of user engagement and loyalty, and reputation damage. We can use the power of the data to turn it into useful information and insights.
A portion of the seed round proceeds will be used to expand the team of 22 people.
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