AI TECH, GENERAL AI
AB Tasty | October 10, 2022
AB Tasty, the fast-growing global experience optimization company, announced today that it has acquired Epoq, an AI-driven recommendation and smart search solution.
The acquisition accelerates both companies' shared vision of empowering digital teams to deliver relevant and engaging shopping experiences along the consumer journey with a best-in-class experience optimization platform.
"The Epoq team is the perfect addition to AB Tasty, bringing expertise, insights and sophisticated products. We are excited to unlock more value for our customers, who will now have unparalleled recommendation and search capabilities at their fingertips," said Alix de Sagazan, AB Tasty CEO and co-founder.
Since 2003, the Ettlingen, Germany-based Epoq has created customized e-commerce solutions for every part of the customer journey from product research, selection, buying intent to customer loyalty. Their decades-long expertise comes at an advantageous time in the context of digital acceleration and soaring demands for unique experiences.
"Joining forces with AB Tasty makes us more formidable players in the market," said Thorsten Mühling, Epoq CEO and co-founder. "This is a great opportunity for Epoq to add more value along the consumer journey — not just in Germany, but on a global scale."
Epoq's AI-powered recommendation engine enables brands to showcase the most relevant products or content by analyzing shoppers' click-and-buy behavior via a robust library of algorithms. With search, businesses can provide consumers with a targeted buying journey, ensuring they find a direct way to the product.
In today's tech stack, when recommendation and search engines are developed separately, they aren't able to communicate with each other. Epoq connects the two solutions in a knowledge center, where each action feeds the other to enhance the results.
Epoq complements AB Tasty's client-side and server-side experimentation and personalization solutions. AB Tasty enables marketing, product and tech teams to easily validate their ideas and optimize conversions on digital channels. Together, they create a 1:1 personalized experience for consumers — and help brands deliver "wow" user experiences.
"The pandemic triggered an e-commerce boom, with half of transactions coming from search requests and a third of that from recommendations," said Remi Aubert, AB Tasty CEO and co-founder. "People using e-commerce site search expect the same level of precision as they do from Google. With Epoq, we are easing our clients' lives, accelerating the delivery of tailored experiences and driving profitability."
This acquisition makes AB Tasty the first company in its class to offer a consolidated approach in experience optimization with experimentation, personalization, recommendation and intelligent search.
The deal will also strengthen AB Tasty's customer base and product portfolio. With Epoq joining AB Tasty's global ecosystem, the company now boasts over 1,100 clients and 320 employees, with 13 offices in key markets such as France, Germany, UK, US and APAC.
The announcement comes after AB Tasty's $40 million Series C fundraising. In the past two years, AB Tasty has grown 200% internationally and has added brands such as Kering, McDonald's and Ulta Beauty to its roster, joining L'Oreal, Disneyland Paris and LVMH. Meanwhile, server-side solution Flagship was named a leader in "The Forrester New Wave™: Feature Management And Experimentation."
About AB Tasty
AB Tasty is a global leader in experimentation, personalization and feature management solutions — enabling companies to validate ideas while maximizing impact, minimizing risk and accelerating time to market. Enterprises use AB Tasty and Flagship solutions to align marketing, product and engineering teams and ensure efficiency, reduced costs and optimal end-user experiences. Founded in 2013 in Paris, AB Tasty is built for businesses looking to use controlled experimentation to implement only the best ideas. To learn more, visit www.abtasty.com.
Epoq internet services GmbH provides a software suite for digital commerce personalization. With modular, customized services based on AI, Epoq creates unique shopping experiences along the customer journey. Consumers receive orientation, advice and inspiration when shopping online. After purchasing, they receive shopping news in real time, encouraging them to return to the online store. Consumers also receive personalized emails to stay in touch with the stores.
AI TECH,GENERAL AI,AI APPLICATIONS
Cerebras Systems | November 30, 2022
Jasper, the category-leading AI content platform, and Cerebras Systems, the pioneer in accelerating artificial intelligence (AI) compute, today announced a partnership to accelerate adoption and improve the accuracy of generative AI across enterprise and consumer applications. Using Cerebras’ newly announced Andromeda AI supercomputer, Jasper can train its profoundly computationally intensive models in a fraction of the time and extend the reach of generative AI models to the masses.
The rise of generative AI is one of the most important technological waves in recent history, enabling the ability to write documents, create images, and code software all from ordinary text inputs. Based on sophisticated generative AI models, Jasper’s products are used by nearly 100,000 customers around the world to write copy for marketing, ads, books, and more. With the power of the Cerebras Andromeda supercomputer, Jasper expects to dramatically advance AI work, including training GPT networks to fit AI outputs to all levels of end-user complexity and granularity. This improves the contextual accuracy of generative models and will enable Jasper to personalize content across multiple classes of customers quickly and easily.
“At Jasper we eliminate the tyranny of the blank page. Our platform provides an AI co-pilot for creators and businesses to focus on the key elements of their story, not the mundane. The most important thing to us is the quality of outputs our users receive. We are hyper-focused on continuously adapting our AI models to meet our customers’ needs,” said Dave Rogenmoser, CEO of Jasper. “Partnering with Cerebras enables us to invent the future of generative AI, by doing things that are impractical or simply impossible with traditional infrastructure. Our collaboration with Cerebras accelerates the potential of generative AI, bringing its benefits to our rapidly growing customer base around the globe.”
“Our mission is to build the fastest AI hardware for the most complicated AI problems. Our recent introduction of Andromeda, the industry’s largest supercomputer, advanced this vision by enabling our partners to train large language models more quickly, to higher accuracy, with better results in less time and with less energy. “Jasper is a category-defining company and the exact type of customer we build for – customers that are trying to transform economies with AI, who are unafraid to venture beyond the status quo and who are interested in doing pioneering work by inventing new approaches to deliver extraordinary results.”
Andrew Feldman, founder and CEO of Cerebras
Announced at SC22, the 13.5 million AI core Andromeda supercomputer delivers industry-leading performance and near perfect linear scaling without traditional distributed computing and parallel programming pains, enabling Jasper to efficiently design and optimize their next set of models. In initial work, on small workloads Andromeda was faster than 800 GPUs and on large complex workloads, it completed work that thousands of GPUs were incapable of doing. In a recent publication on Gordon Bell award-winning work, the authors wrote, “We note that for the larger model sizes (2.5B and 25B), training on the 10,240 sequence length data was infeasible on GPU-clusters due to out-of-memory errors during attention computation…. To enable training of the larger models on the full sequence length (10,240 tokens), we leveraged AI-hardware accelerators such as Cerebras CS-2, both in a stand-alone mode and as an inter-connected cluster.” It is these very GPU impossible workloads that Jasper has begun exploring, in the quest for more accurate and relevant models, trained in less time with less energy.
Andromeda is now available for commercial customers, as well as for academics and graduate students. Andromeda is deployed in Santa Clara, California, in 16 racks at Colovore, a leading high performance data center. The 16 CS-2 systems, with a combined 13.5 million AI optimized cores are fed by 284 64-core AMD Epyc Gen 3 x86 processors. The SwarmX fabric, which links the MemoryX parameter storage solution to the 16 CS-2s, provides more than 96.8 terabits of bandwidth. Through gradient accumulation Andromeda can support all batch sizes, a characteristic profoundly different from GPU clusters.
About Cerebras Systems
Cerebras Systems is a team of pioneering computer architects, computer scientists, deep learning researchers, and engineers of all types who have come together to build a new class of computer system. That system is designed for the singular purpose of accelerating AI and changing the future of AI work forever, enabling customers to accelerate their deep learning work by orders of magnitude.
Founded in 2021, Jasper is an AI Content Platform that enables individuals and teams to leverage AI to scale their content strategies. With Jasper, anyone from individual freelancers to creators at enterprise companies can break through writer's block, repackage what they've written, create original images, and adapt their content to different formats and languages. Jasper, has been recognized as "one of America's fastest-growing private companies" by Inc. 5000.
AI TECH,GENERAL AI
Picsart | November 03, 2022
Picsart, the world’s leading digital creation platform and a top 20 most downloaded app worldwide, today announced new generative AI tools to create images and ad copy.
Growing in popularity, text-to-image generators allow users to create an image from a few words or phrases. Picsart’s AI Image Generator provides a unique, free and seamless end-to-end editing experience by offering the ability to create AI images in seconds. Users can then go on to edit their AI creation with thousands of stickers, tools, filters, fonts and more - all within the Picsart app. The content generated by users is then shared with the community to continue utilizing in the platform’s free-to-edit library.
In addition to its base of 150 million monthly active users, Picsart is increasingly supporting small business marketers and has launched an AI Writer, making powerful copywriting tools accessible to anyone. The feature is currently available via Picsart’s Quicktools, a suite of more than 30 free-to-use photo, video and document editing tools on the web. The AI Writer includes an ad writer, social media bio creator, rephraser and marketing slogan maker. Simply enter a few quick prompts, select the voice/tone you’re looking for, and copy is generated in seconds.
“Generative AI is a powerful new resource for visual creators and anyone who needs content. “There are two huge advantages of this technology: the first is making creativity accessible to new people and the second is increasing productivity for those who already create. The tools we’re launching today are the first of many generative AI features we plan to roll out.”
Hovhannes Avoyan, Founder & CEO of Picsart
Picsart is the world’s largest digital creation platform and a top 20 most downloaded app. Every month, the Picsart community creates, remixes, and shares billions of visual stories using the company’s powerful and easy-to-use editing tools. Picsart has amassed one of the largest open-source content collections in the world, including free-to-edit photos, stickers, backgrounds, templates, and more. The app is available in 30 languages for free and as a subscription on iOS, Android, Windows devices and on the Web. Headquartered in Miami, with offices around the world, Picsart is backed by SoftBank, Sequoia Capital, DCM Ventures, Insight Partners, and others.