The potential technology of generative AI is one of the most recent advancements in artificial intelligence (AI), which is continually changing and developing. This cutting-edge technology describes a class of AI algorithms that develop new results based on training data. Generative AI, as opposed to conventional AI systems, generates material such as images, text, and audio instead of concentrating on pattern identification and forecasting. Numerous startups have been motivated by the technology to take advantage of its potential and develop ground-breaking goods and services that will transform industries.
We will look at how startups are using generative AI to develop customised chatbots, realistic virtual try-on experiences, and more in this post. In the second half of 2023, these cutting-edge businesses have the potential to transform entire industries and alter entire generations.
Character.ai
Imagine yourself at your computer, imagining what it would be like to speak with Mario from Nintendo or Elon Musk. So, stop wondering now! A California-based business called Character.ai specialises in creating generative AI chatbots that can imitate the appearance and personality of different characters. You can converse with AI friends that are just as fascinating as the actual thing with the aid of massive language models, akin to the technology employed in ChatGPT. Millions of pre-existing AI characters have been created by the Character.ai community of creators for your enjoyment. Without the requirement for personalization, these pre-existing characters offer distinctive and captivating experiences.
Users can also find an AI friend that is suited to their requirements. Users simply describe the characters they want to interact with, and artificial intelligence technology takes care of the rest. Users have the option to specify the desired personality and make changes over time; thus, these characters can be totally original or drawn from works of popular culture. According to user descriptions, the chatbot responds intelligently and adjusts itself to suit unique interests and requirements. The platform provides a variety of choices, such as emotional support or analytical problem-solving buddies.
Within six months of its introduction, the platform reportedly received 100 million monthly visits. This astonishing development trajectory is comparable to ChatGPT’s, which in just two months reached 100 million monthly users, setting a record for the fastest-growing user base. The user base of Character.ai is quickly growing, which is evidence of the huge potential and impact of generative AI technology.
Veesual AI
With its virtual try-on technology, Veesual AI, a French startup launched by Maxime Patte and Damien Meurisse in early 2020, offers a cutting-edge solution for fashion e-commerce businesses. Veesual’s distinctive strategy is what makes it stand out from competitors in the market. It combines photographs of models with already-existing brand-provided apparel images to produce photorealistic virtual try-on combinations. This method does away with the requirement for expensive 3D models and ups the level of realism in the experience.
By choosing a mannequin they can relate to and adjusting their virtual appearance by changing their morphology, skin colour, hair, and clothes, customers may quickly create the exact look they want. Customers benefit from a flawless and lifelike virtual try-on experience thanks to the experience’s high level of immersion and interactivity. Veesual’s main objective is to assist customers in making wise decisions by giving them a trustworthy and accurate depiction of how the clothing would appear on them.
Techstars made an undisclosed pre-seed investment in the firm in October 2020, further solidifying its status as a market leader and innovator. The technology developed by Veesual promises to revolutionise online clothing shopping and offer it a more individualised experience.
Anthropic
Anthropic, a San Francisco-based firm managed by CEO Dario Amodei and created by former OpenAI workers, has introduced its own chatbot, Claude, to the competitive world of generative AI. Claude is a highly adaptable system created to offer premium content generation, summary, and explanation services tailored to the demands of each customer. Its adaptability makes it a useful tool for a variety of businesses and enterprise teams looking to improve communication and workflow.
Claude serves as a skilled virtual assistant for customer service, providing warm and enlightening encounters while deftly performing chores and assuring client happiness. As for the legal industry, its AI-powered intelligence quickly extracts vital information from complicated documents, enabling legal experts to act quickly and decisively.
Claude’s price structure distinguishes it from rivals because it bills users according to the quantity of text they input. This novel strategy offers customers more choice and cost management as an alternative to conventional pricing patterns. The price for the standard version of Claude is US$2.90 for prompts and US$8.60 for outputs per million characters. The Claude Instant version, on the other hand, has even cheaper pricing: prompts cost $0.43 per million characters, and outputs cost $1.45 per million characters.
Claude is a model with outstanding performance, whereas Claude Instant is a speedier, less expensive version with comparable characteristics. It’s crucial to remember that the context window in both versions is 9,000 tokens. Businesses adopting generative language models don’t have to break the bank because of Claude’s innovative pricing structure.
Additionally, Google has provided a big financial boost to the firm. Google showed its commitment to expanding the capabilities of generative AI by investing $300 million in the firm in February 2023, giving it a 10% share.
Tome
Tome is working to reinvent visual storytelling as we now know it. This ground-breaking platform can transform any idea into a visually spectacular tale that enthrals and engages people thanks to its generative AI features.
Anyone may use Tome’s user-friendly interface to generate appealing content, brand visions, lesson plans, product launch strategies, and much more with just one user prompt, from kids to top executives. Users of Tome may create everything they need for storytelling, from photos and copy to whole story plans, making it a one-stop shop. Additionally, Tome perfectly interacts with other well-known platforms like Figma, YouTube, and Giphy, making it possible for users to simply create and distribute their narratives across a variety of channels.
A free beta version of this platform was released in September 2022 after two years of development by Tome’s CEO, Keith Peiris, and co-founder, Liriani, both of whom were managers at Meta. The platform incorporated OpenAI AI models two months later. By surpassing a million users just 134 days after its inception, Tome, according to Forbes, became the fastest productivity tool to reach this milestone. This puts it in front of well-known tech sector heavyweights like Zoom, Slack, and Dropbox.
Although Tome presently offers a free sign-up option, every user initially has 500 credits, which are spent with each use of the generative AI features. Only recommendations can restore credits. But Tome also offers a premium monthly subscription that costs around $10 USD and gives users unrestricted access to the website.
We should expect the birth of even more significant businesses in the years to come given generative AI’s rapid growth and development. It is fascinating to see how these startups will continue to push the envelope and influence the direction of technology because generative AI has such immense potential. The world is changing, and with these top generative AI businesses leading the way, we may anticipate unheard-of developments and industry-altering changes.
