Friday, September 22, 2023

Context.ai raises USD 3.5M to assist businesses in creating better LLM-powered products

By ET Bureau - September 03, 2023 1 Mins Read

Context.ai raises USD 3.5M to assist businesses in creating better LLM-powered products

Context.ai, a provider of platforms for understanding applications using large language models powered by artificial intelligence, announced that it has raised USD 3.5 million in funding.

Along with 20SALES, the round was co-led by Google Ventures, the venture capital division of Alphabet Inc., and Tomasz Tunguz of Theory Ventures. Large language models are a type of artificial intelligence algorithm that can translate, predict, and create content in addition to being able to recognize human speech.

They can also respond in a manner that is conversationally human-like, much like the wildly successful conversational chatbot ChatGPT from OpenAI LP. In order to enable users to “talk” to their products and data, many businesses have incorporated LLMs into their applications.

Read More: Context.ai raises $3.5M to help companies build better products powered by LLMs

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The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.

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