Tuesday, 26 April, 2022
AI Fintech news and insights – Adept raises $65M
Adept has just raised $64M Series A. Adept is an AI/ML research and product lab building general intelligence systems.
The funding will be invested in their new natural language/transformer programming technology that allows existing software like Photoshop, Tableau, and Airtable to undertake tasks automatically with ML/AI. Adept is made up of Kelsey Schroeder, Augustus Odena, Max Nye (ex-Googlers) Erich Elsen (ex-DeepMind).
“Transformers and their applications represent the largest step towards general intelligence in recent history. But we believe true general intelligence requires Transformers that can act – not just read and write,” said David Luan, CEO and Co-founder of Adept. “At Adept, we’re training a model to use every software tool and API that people use today. ”
Thoughts and insights
As cloud-driven software becomes more complex, AI and ML will be increasingly used to automate routine tasks. The key to the future will be automation between software too. The team behind this technology is pretty formidable, and it will be good to see how it develops in years to come.
More information
Adept website
Press release
About best news and insights
This is designed to give you the most important news with my extra thoughts and insights.
Feel free to contact me today
I invest many hours researching the latest AI, technology, and business trends for all my clients. The knowledge is refined, distilled, and combined with many other forms of analysis and expertise to give the best advice possible.
I can get the best out of AI by:
- Spotting the latest AI opportunities for your company
- Pinpointing the best AI experts for your project or company
- Giving the best advice on AI strategy and approach
- Helping extract the most value out of AI
- …and lots more, please feel free to contact me today