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About Adept AI
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$403.7M
Headquarters
San Francisco, California
Founded
2022
Overview
Adept AI Labs offers an AI assistant that helps users accomplish tasks in their everyday software by interpreting their goals expressed in plain language. This AI teammate can perform various functions, such as generating financial reports or searching for properties within a budget. The service is designed for both businesses and individuals across multiple sectors, including finance, real estate, and retail, making it adaptable to different needs. Unlike many competitors, Adept AI focuses on user control and collaboration, allowing users to work alongside the AI to make informed decisions and enhance productivity. The company's goal is to make AI accessible and beneficial for everyone, ultimately freeing up time for more meaningful work.
Simplify's Take
What believers are saying
- AI-driven process automation is increasingly integrated with scalable cloud services.
- Demand for AI solutions that integrate with enterprise software is rising.
- AI-powered financial analysis tools are gaining popularity, expanding Adept AI's market potential.
What critics are saying
- Big Tech acquisitions of AI startups threaten Adept AI's market position.
- FTC's scrutiny on AI technologies may pose compliance challenges for Adept AI.
- Generative AI bubble peaking could reduce investor enthusiasm and funding for Adept AI.
What makes Adept AI unique
- Adept AI automates software processes, enhancing efficiency for developers and businesses.
- The AI assistant translates user goals into software actions, simplifying task management.
- Adept AI's user-centered design prioritizes collaboration between humans and machines.
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Funding
Total Funding
$403.7M
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
↓ -12%1 year growth
↓ -9%2 year growth
↓ -9%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
$403.7M
Headquarters
San Francisco, California
Founded
2022
There are no jobs for Adept AI right now.
Find jobs on Simplify and start your career today