AI21 Labs explained

Industry:AI
Founder:Yoav Shoham, Ori Goshen, Amnon Shashua
Hq Location City:Tel Aviv
Products:Jurassic-1
Jurassic-2
Wordtune

AI21 Labs is an Israeli company specializing in Natural Language Processing (NLP), which develops AI systems that can understand and generate natural language.[1]

History

AI21 Labs was founded in November 2017 by Yoav Shoham, Ori Goshen, and Amnon Shashua in Tel Aviv, Israel.[2] [3]

In January 2019, the company raised $9.5 million from investors in a seed funding round.[4] On October 27, 2020, AI21 Labs launched its first product, Wordtune, an AI-based writing assistant that understands context and can suggest paraphrases and rewrites.[5] [6] [7] Google named Wordtune one of its favorite extensions of 2021.[8] In August 2021, the company launched AI21 Studio.[9] [10] In the same month, Jurassic-1, a natural language processing system, was launched with a token vocabulary over 250,000.[11] [12] [13] [14]

In November 2021, Walden Catalyst announced an investment of $20 Million in AI21 Labs.[15] [16] Later that month, AI21 Labs completed a $25 million series A round led by Pitango First.[17] In July 2022, the company raised $64 million in a series B funding round led by Ahren with the participation of prof. Amnon Shashua, Walden Catalyst, Pitango, TPY Capital, and Mark Leslie.[9] [18] [19]

On January 17, 2023, AI21 Labs announced the launch of Wordtune Spices,[20] a generative AI tool that generates a range of text options that can enhance sentences.[21] [1] [22]

On March 9, 2023, the company announced the release of Jurassic-2, claiming it has better response times, understands more languages, and features advanced instruction following.[23]

On August 31, 2023, the company announced the closing of $155 million Series C financing round. Investors include previous participants, alongside new ones such as Google and Nvidia.[24] [25]

On March 29, 2024 the company released the Jamba (language model) - an open weights large language model built on a hybrid Mamba SSM transformer using mixture of experts with up to 256k context.[26]

See also

Notes and References

  1. News: Chen . Brian X. . 2023-02-01 . A.I. Bots Can’t Report This Column. But They Can Improve It. . en-US . The New York Times . 2023-02-14 . 0362-4331.
  2. News: 2020-11-22 . Amnon Shashua's AI21 Labs raises $35m to reinvent writing . en . Globes . 2023-02-14.
  3. Web site: Israeli tech startup AI21 Labs raises $34.5M in funding to challenge tech giants in AI language race . 2023-02-14 . en-US.
  4. Web site: Shemer . Simona . 2020-11-22 . Israeli Startup AI21 Labs Raises $34.5M For AI-Based Language Tech . 2023-02-14 . . en-US.
  5. Web site: Desk . AIT News . 2020-10-27 . AI21 Labs Comes Out of Stealth and Launches First Deep-Tech Writing Assistant, Wordtune . 2023-02-14 . AiThority . en-US.
  6. Web site: 2020-11-02 . AI21 Labs rolls out AI-powered writing companion . 2023-02-14 . Geektime . en.
  7. Web site: 2022-07-12 . Amnon Shashua’s new baby raises $64 million. They now have millions of users . 2023-02-14 . Geektime . en.
  8. Web site: Google Reveals Top Chrome Extensions of 2021 to Enhance Productivity . 2023-02-14 . Gadgets 360 . en.
  9. Web site: Wiggers . Kyle . 2022-07-12 . AI21 Labs nabs $64M to ramp up AI-powered language services . 2023-02-14 . TechCrunch . en-US.
  10. Web site: FinSMEs . 2022-07-12 . AI21 Labs Raises $64M in Series B Funding . 2023-02-14 . FinSMEs . en-US.
  11. Web site: What this "Miracle" A.I. says about the future of the technology . 2023-02-14 . Fortune . en.
  12. News: Shashua’s AI21 Labs launches tool to help read documents 75% faster . en-US . The Jerusalem Post JPost.com . 2023-02-14.
  13. News: 2021-11-08 . Shashua's A121 Labs launches NLP model to rival GPT-3 . en . Globes . 2023-02-14.
  14. Web site: Watch out, GPT-3, here comes AI21's 'Jurassic' language model . 2023-02-14 . ZDNET . en.
  15. Web site: Orbach . Meir . 2021-11-01 . Amnon Shashua's A21 Labs raises $20 million from Walden Catalyst at $400 million valuation . 2023-02-14 . CTECH - www.calcalistech.com.
  16. Web site: AI21 Labs Started by Amnon Shashua Has $400 Million Valuation . 2023-02-14 . Jewish Business News . en-US.
  17. Web site: Orbach . Meir . 2020-11-19 . AI21 Labs completes $25 million round led by Pitango . 2023-02-14 . CTECH - www.calcalistech.com.
  18. Web site: BEN-DAVID . RICKY . 2022-06-13 . AI21 Labs, co-founded by Amnon Shashua, pulls in $64m for AI language services . The Times of Israel.
  19. Web site: Martin . Noga . 2022-07-13 . AI-based startup seeking to change how people read, write raises $64M . 2023-02-14 . www.israelhayom.com.
  20. Web site: Quach . Katyanna . AI21 Labs writing tool will not do all the hard work for you . 2023-02-14 . www.theregister.com . en.
  21. Web site: Wrobel . Sharon . AI21 Labs, co-founded by Amnon Shashua, rolls out AI feature to spice up writing . 2023-02-14 . www.timesofisrael.com . en-US.
  22. Web site: Wiggers . Kyle . 2023-01-17 . AI21 Labs intros an AI writing assistant that cites its sources . 2023-02-14 . TechCrunch . en-US.
  23. Web site: Wrobel . Sharon . 2023-03-09 . Tel Aviv startup rolls out new advanced AI language model to rival OpenAI . live . https://web.archive.org/web/20230309193018/https://www.timesofisrael.com/ai21-labs-rolls-out-new-advanced-ai-language-model-to-rival-openai/ . 2023-03-09 . 2023-11-26 . . en.
  24. Web site: OpenAI Challenger AI21 Labs Nears Funding at $1.2 Billion Valuation . 2023-08-31 . The Information.
  25. News: 2023-08-31 . Israeli generative AI co AI21 Labs raises $155m at $1.4b valuation . en . Globes . 2023-08-31.
  26. Web site: Introducing Jamba: AI21's Groundbreaking SSM-Transformer Model . 2024-03-29 . www.ai21.com . en.

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