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During COVID-19 lockdowns, for example, specialty chemicals manufacturer Albemarle developed a VPA to provide self-service assistance to over 7,000 employees at home, including a natural language interface with a chat bot, and enough AI to help people interface seamlessly with several business applications at a time.
They had ChatGPT write the script, and other gen AI tools to create a digital person who reads the script, a scalable process with at least one measurable benefit: speed. The victors may not be the greatest innovators, but they’ll be the best at protecting their innovations.
The launch of ChatGPT in November 2022 set off a generative AI gold rush, with companies scrambling to adopt the technology and demonstrate innovation. For example, if a company regularly purchases sensitive chemical or biological compounds, gen AI can add special handling instructions to the purchase order.
Chris Nardecchia, SVP and chief digital and information officer, Rockwell Automation Rockwell Automation Chris Nardecchia: I started as a chemical engineer doing chemical engineering things, building and operating chemical and nuclear processes, producing polymers and nuclear fuel, etc. Innovation, Manufacturing Industry
However, it still took part in some interesting rounds, co-leading a $4 million seed for San Francisco-based Anthrogen , a biotech research firm using bacteria and enzymes to reduce carbon by transforming it into chemicals. Also notable: Accel , Google Ventures and Spark Capital all came in next on the list with five deals each.
42 as the meaning of … learning David Giron is the Director of one of the world’s most innovative educational institutions, 42 Codam College in Amsterdam. This is obviously not true of other branches of engineering, like chemical engineering, or woodworking. The same hurdles keep cropping up: equipment and consumables.
The last several years have welcomed a new set of challenges that have impacted the industry and propelled it towards innovation. For example, a ChatGPT search consumes thirteen times as much energy as a Google search. Process-scale twin: using simulation to streamline process development thus reducing chemicals and electricity usage.
Even taking into account the buzz around ChatGPT, companies feel a necessity to keep the market pace as well as introduce something extra for their customers. With advancements driven by research breakthroughs, increased computing power, larger datasets, and innovative model architectures, it introduced sophisticated generative AI models.
Anthropic , $3.5B, artificial intelligence: Anthropic, a ChatGPT rival with its AI assistant Claude, raised a $3.5 The fresh cash comes almost exactly a year after the Santa Clara, California-based company locked up a $175 million Series C led by Thomas Tull s US Innovative Technology Fund. billion in February 2024. at a reported $2.5
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