The scientist behind IBM Watson has raised $60 million for his AI startup in New York
Publishing timestamp: 2023-08-17 18:34:02
Summary
David Ferrucci, the AI researcher who led the team that created IBM Watson, has raised nearly $60 million for his AI startup called Elemental Cognition. The company aims to develop AI that "thinks before it talks" and offers chatbot products for various industries. Ferrucci confirmed the financing and investors have been showing interest in AI startups following the success of OpenAI's ChatGPT. Elemental differentiates itself by combining large language models with an AI-powered reasoning engine. IBM's Watson, on the other hand, has not been profitable and the company sold its Watson Health unit last year.
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