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Lexlegis AI launches LLM platform to help with legal research, analysis
Economic Times
·
1y ago
Medial
Lexlegis AI, a legal technology startup, has launched a platform powered by a large language model that aims to improve efficiency in legal research, analysis, and drafting. The platform includes tools such as Ask, Interact, and Draft, which assist with querying, summarising information, and drafting legal documents, respectively. With a focus on addressing India's legal backlog, Lexlegis.ai aims to empower legal professionals with AI-driven solutions. The company plans to monetise the platform by October and expand its availability to individual professionals through an app format by mid-2025.
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Hindi LLM maker Sarvam AI to open platform for business
Economic Times
·
1y ago
Medial
Sarvam AI, the maker of Hindi LLM, is planning to open its platform for businesses. Hindi LLM is an AI-powered platform that translates English legal documents into Hindi. The company aims to make legal translation more accessible and affordable for businesses in India. Sarvam AI plans to develop a user-friendly interface and enhance its automation capabilities to cater to different industries and legal professionals. This move is expected to aid businesses in efficiently managing legal translations and overcoming language barriers.
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How OnFinance Is Changing The Way Banking & Financial Institutions Function
Inc42
·
1y ago
Medial
Bengaluru-based start-up OnFinance, founded in 2022 by Anuj Srivastava, aims to revolutionize the financial industry's workflow efficiency through the use of AI. It offers tailored AI copilots to financial institutions using its in-house large language model (LLM), NeoGPT, to automate tasks such as research, analysis, relationship management, and sales. The company has worked with major banks and insurance firms in the US and plans to introduce new copilots for equity research and credit analysis. OnFinance secured $1.1 million in seed funding in 2023 and is seeking $5-$8 million in pre-Series A funding by the end of 2024.
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EY India launch AI-powered platform for tax, legal professionals
YourStory
·
1m ago
Medial
EY India and Taxmann launched Taxmann.AI, an advanced AI platform for tax and legal professionals, featuring research, document analysis, and response generation capabilities. Built on EY's technology platform, it ensures data privacy and security. The platform aims to enhance speed, efficiency, and decision-making grounded in verifiable content. EY's National Tax Leader, Sameer Gupta, highlighted the collaboration's goal to drive tax transformation, while Taxmann's MD, Rakesh Bhargava, emphasized the tool's role in improving accuracy and efficiency.
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Tech giant IBM launches $500M enterprise AI venture fund
IndianStartupNews
·
1y ago
Medial
IBM has launched a new $500 million venture fund to invest in AI enterprises focused on generative AI technology and research for enterprise applications. The fund aims to nurture AI leaders who can help businesses harness the power of AI, and partnerships with IBM will provide startups with operational insights. IBM's AI and data platform, watsonx, will play a crucial role in capitalizing on AI innovations, particularly in generative AI. The company has previously invested in AI-focused companies such as Hugging Face and HiddenLayer.
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TCS Launches Aggregation Platform To Ease GenAI Adoption
Inc42
·
1y ago
Medial
TCS has developed AI WisdomNext, an integration platform that combines various GenAI services and LLM models into one user interface. The platform aims to assist businesses in adopting next-gen technologies and overcome development barriers. During the testing phase, TCS successfully utilized the tool to create value for customers and develop prototypes.
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GenAI SaaS solution startup OnFinance AI raises $1.05M in a Seed round
IndianStartupNews
·
1y ago
Medial
OnFinance.ai, an AI software startup for financial services, has secured $1.05 million in a Seed funding round led by Silverneedle Ventures and the Indian Angel Network (IAN). The funding will be used to expand the team and scale its AI solutions globally, with a particular emphasis on the US market. OnFinance.ai uses its financial Large Language Model (LLM) named NeoGPT to provide AI co-pilots for research analysis, relationship management, sales, and customer success teams in banking institutions and wealth management firms. The startup aims to streamline complex processes and improve data-driven decision-making in the financial sector.
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Fastweb to develop native Italian trained AI language model
Economic Times
·
1y ago
Medial
Italian telecom operator Fastweb has announced plans to create an artificial intelligence large-language model (LLM) trained in native Italian. The company intends to utilize the LLM to assist its corporate and public administration customers in developing AI tools. Fastweb will build the LLM with the help of generative AI experts and extensive datasets in the Italian language. In addition, they will install an NVIDIA AI-powered supercomputer in their Lombardy data center and make the technology available to third parties via their cloud services.
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SenseAI Ventures leads $1 Mn round in LLUMO AI
Entrackr
·
1y ago
Medial
Artificial intelligence optimisation company LLUMO AI has raised $1 million (about Rs 8 crore) in seed funding round led by SenseAI Ventures along with participation from India Quotient, AumVC, Venture Catalyst, IIM Indore Alumni Angel fund, and other angel investors. The funds will be used to expand into the US market as well as the development of an enterprise-grade platform that integrates with existing AI workflows, LLUMO said in a press release. Co-founded in 2023 by Shivam Gupta and Akshat Anand, LLUMO weeds out the hassles of inability to assess LLM performance in real-world scenarios and the soaring costs associated with LLM usage. The platform empowers businesses to reduce Generative AI costs by up to 80% and gain visibility into LLM performance. According to the Noida-based company, its solutions are two proprietary tiny LLMs which are trained on millions of data points. The first model compresses prompts, significantly reducing costs while maintaining output quality while the other is Eval-LM (Evaluation Language Model), assesses LLM-generated output without requiring ground truth data. By leveraging these models, businesses can optimize their LLM implementations, achieve faster iterations, and drive growth without straining their budgets. LLUMO AI aims to help businesses and harness the potential of Generative AI. The platform will bridge the gap between POC and production, enabling efficient deployment of AI solutions. It intends to enable businesses to drive innovation, improve customer experiences, and achieve sustainable growth.
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Former Twitter CEO Parag Agarwal launches new AI startup - The Economic Times
Economic Times
·
16d ago
Medial
Former Twitter CEO Parag Agrawal has launched Parallel Web Systems, an AI startup offering cloud-based research tools that enable AI applications to conduct real-time web research and synthesize data. The company recently emerged from stealth, having raised $30 million from investors like Khosla Ventures. Parallel's technology aims to outperform leading models in web research, automating complex tasks across sectors. Agrawal is currently in a legal battle with Elon Musk over unpaid severance.
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Flipkart launches IRIS to help brands make data-driven decisions
YourStory
·
1y ago
Medial
Ecommerce company Flipkart has launched Flipkart IRIS, an insights platform that offers brands detailed customer behavior intelligence. The tool provides reports for performance improvement, comparative analysis, and user behavior insights on the platform. The insights can also help brands improve performance offline. With the data provided by IRIS, sellers can optimize marketing campaigns, enhance customer engagement, and measure their brand's health. Flipkart aims to unlock growth opportunities for brands on its platform, given the substantial room for growth in digital advertising expenditure in India. Amazon, Flipkart's competitor, also offers a similar brand analytics tool.
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