Adept CEO David Luan believes that artificial intelligence (AI) will eventually perform written queries instead of merely displaying unsettlingly human results. It will take over any computer tasks you normally do.
Even if such a development is still a ways off, Luan estimates that two to three years is more realistic, given the rate of AI advancements.
AI Does the Tasks
Forbes said that CEO Luan, a self-proclaimed auto nerd, can see a future in which engineers may ask their AI assistants to create blueprints for new automobile parts and then watch as they do it, step by step, using the appropriate software and coding with their human copilots.
Tweak a certain aspect of the design, run simulations in a vehicle modeling program, and submit the blueprints to a manufacturer - according to Luan's plan, the AI would handle all of that.
Adept is studying how people use computers, from surfing the internet to navigating a sophisticated corporate software tool, to construct an AI model that can transform a written command into a series of actions.
Luan told Forbes in an interview, "A synthesizer lets a musician play sounds of every instrument without having to learn how to play every instrument. We want to build the same thing for computing."
After serving as OpenAI's vice president of engineering, CEO Luan moved on to head Google's large model efforts. In a Google research paper, he and his co-founders Ashish Vaswani and Niki Parmar devised the transformer, which represents the "T" in GPT.
The Investment Round
The startup has managed to attract $350 million in venture finance after demonstrating a very basic prototype of such a digital assistant.
General Catalyst and Spark Capital provided the majority of the funds for the Series B investment round, which was closed at a post-money value of at least $1 billion. The majority of the funding, according to Luan, was closed last autumn, long before ChatGPT set off a market AI craze.
Managing Director Deep Nishar noted that General Catalyst had beaten out seven other term sheets to become the round's top investor.
Prior Project: ACT-1
Less than a year after raising $65 million from Greylock and Addition, Adept was able to put together a functioning prototype named ACT-1, owing to the team's strong machine-learning ability. It answered basic inquiries at the time, much like ChatGPT.
During the course of the subsequent months, it has developed the sophistication to do things, such as integrate LinkedIn links directly into applicant tracking systems. These kinds of developments have helped Adept attract strategic investors like Microsoft, Nvidia, Atlassian, and Workday, all of whom provide products that may potentially use its AI assistant.
According to Forbes' sources, Adept is now obtaining more capital via these corporate collaborations at a value that is expected to be greater than $1 billion.
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