Startup Trends: Four AI companies advance their products
Four startups in the past week have announced developments in generative artificial intelligence technology.
OpenAI and Thrive AI Health
Last week, OpenAI Startup Fund and behavioral-change technology platform, Thrive Global, provided the financial backing for a new company, Thrive AI Health, to expand access to personalized health coaching. The AI-enabled coach will employ the behavior change methodology developed by OpenAI and Thrive Global.
In a Time magazine column discussing Thrive AI Health, OpenAI CEO Sam Altman and Thrive Global CEO Arianna Huffington wrote that the new company’s coaching technology will be trained on the best peer-reviewed science and Thrive Global’s behavior change methodology.
“It will learn your preferences and patterns across the five behaviors: what conditions allow you to get quality sleep; which foods you love and don’t love; how and when you’re most likely to walk, move, and stretch; and the most effective ways you can reduce stress,” Altman and Huffington wrote.
Thrive AI Health’s first CEO is DeCarlos Love, a former product leader at Alphabet’s Google.
OpenAI’s Forge Price™ is $179.62 as of July 12, 2024, which implies a valuation of $104.2 billion.
Anthropic
Meanwhile, Anthropic, a leading generative AI company, announced on its website that it’s taken steps to improve the prompts tied to its AI applications. An AI prompt is any form of text, question, information, or coding that communicates to AI what response a user is looking for.
“When building AI-powered applications, prompt quality significantly impacts results,” writes Anthropic. “But crafting high-quality prompts is challenging, requiring deep knowledge of your application's needs and expertise with large language models. To speed up development and improve outcomes, we've streamlined this process to make it easier for users to produce high-quality prompts.”
Founded in 2021, San Francisco-based Anthropic has emerged as a leading rival to OpenAI, thanks to the development of Claude, a large-language model that is a competitor of OpenAI’s ChatGPT.
Anthropic’s Forge Price™ is $30.00 as of July 12, 2024, which implies a valuation of $18.4 billion.
Groq
Finally, Groq, known primarily for producing chips that power generative AI models, has come up with an innovation of its own.
Startup trade publication VentureBeat reports that the Mountain View, Calif.-based Groq now allows users to “make lightning-fast queries and perform other tasks with leading large language models [LLMs] directly on its website.”
VentureBeat adds that Groq has improved its ability for users to make queries, including allowing queries based on voice commands. According to VentureBeat, Groq CEO Jonathan Ross says usage of LLMs will expand once people “see how easy it is to use them on Groq’s fast engine.”
Groq, which was founded in 2016, has a Forge Price™ of $11.54 as of July 12, 2024, which implies a valuation of $1.33 billion.
