AI21 Labs is a Tel Aviv-based company specializing in Natural Language Processing (NLP), which develops AI systems that can understand and generate natural language. AI21 Labs is often mentioned by the big media outlets such as TechCrunch, The New York Times, The Times of Israel and VentureBeat as a rival to OpenAI. AI21 Labs was founded in November 2017 by Yoav Shoham, Ori Goshen, and Amnon Shashua in Tel Aviv, Israel. In January 2019, the company raised $9.5 million from investors in a seed funding round. On October 27, 2020, AI21 Labs launched its first product, Wordtune, an AI-based writing assistant that understands context and can suggest paraphrases and rewrites. Google named Wordtune one of its favorite extensions of 2021. In August 2021, the company launched AI21 Studio. In the same month, Jurassic-1, a natural language processing system, was launched with a token vocabulary over 250,000. More information...
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