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About Adept AI
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$415M
Headquarters
San Francisco, California
Founded
2022
Overview
Adept AI Labs integrates artificial intelligence into everyday software to enhance user productivity. Their main product is an AI assistant that interprets user goals expressed in plain language and executes tasks within various software applications. This assistant can handle diverse tasks, such as generating financial reports or searching for properties within a budget, making it applicable across sectors like finance, real estate, and retail. Unlike competitors, Adept AI focuses on user control and collaboration, allowing users to dictate how the AI operates. The company's goal is to make AI accessible and beneficial for everyone, enabling better decision-making and freeing up time for more meaningful activities.
Simplify's Take
What believers are saying
- AI-driven process automation is expanding into healthcare, a potential market for Adept AI.
- Rising demand for AI in customer service offers expansion opportunities for Adept AI.
- AI-based financial forecasting tools are gaining traction, presenting new market opportunities.
What critics are saying
- Increased competition from tech giants like Amazon and Google threatens Adept AI's market position.
- FTC's regulatory scrutiny on AI technologies could pose compliance challenges for Adept AI.
- Potential peaking of the generative AI bubble may reduce investor enthusiasm and funding.
What makes Adept AI unique
- Adept AI automates software processes, enhancing efficiency for developers and businesses.
- Their AI assistant translates user goals into software actions, simplifying task management.
- Adept AI focuses on human-computer collaboration, promoting creative problem-solving.
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Funding
Total Funding
$415M
Above
Industry Average
Funded Over
2 Rounds
General Catalyst
Greylock PartnersIndustry standards
Benefits
Comprehensive health insurance coverage
Unlimited vacation time
Competitive salary
Stock options
Daily meals + comfortable SF office
Dog friendly
Growth & Insights and Company News
6 month growth
↓ -14%1 year growth
↓ -14%2 year growth
↓ -14%Character.AI and Google. Adept AI and Amazon. Microsoft and Inflection. What do these companies have in common? As The Wall Street Journal (WSJ) reported Tuesday (Aug. 6), they’re all part of a new trend in the artificial intelligence (AI) field: struggling startups being rescued by Big Tech companies in a new type of deal that tech sector observers say are essentially acquisitions. Other similar deals are on their way, investors tell the WSJ, as the generative AI bubble appears ready to peak, and startups learn they don’t have the cash to develop AI large language models
The Federal Trade Commission (FTC) said it is using “all the tools at its disposal” to oversee the rise of artificial intelligence (AI) technologies. The commission made that statement Wednesday (July 31) when submitting comments to the Federal Communications Commission (FCC) about its efforts in the AI space. The FTC is working “to address the rapid emergence of new technologies powered by AI and their potential risks to consumers and businesses,” it said, taking “action against companies that deceive users about their use of AI or use AI in unfair ways.”
The Federal Trade Commission (FTC) said it is using “all the tools at its disposal” to oversee the rise of artificial intelligence (AI) technologies. The commission made that statement Wednesday (July 31) when submitting comments to the Federal Communications Commission (FCC) about its efforts in the AI space. The FTC is working “to address the rapid emergence of new technologies powered by AI and their potential risks to consumers and businesses,” it said, taking “action against companies that deceive users about their use of AI or use AI in unfair ways.”
With new funding that values it at $1 billion, the year-old company already counts Microsoft, Nvidia and Workday as strategic partners.
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About Adept AI
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$415M
Headquarters
San Francisco, California
Founded
2022
There are no jobs for Adept AI right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Adept AI