The article discusses an AI startup called Nex that has raised a seed funding round from Foundation Capital. Nex is developing an AI system that can understand and generate human-like text. The company’s goal is to create an AI assistant that can engage in open-ended conversations and help with tasks like writing and analysis. Nex’s approach involves training large language models on a vast amount of data to enable the AI to understand and generate natural language. The seed funding from Foundation Capital will be used to further develop Nex’s technology and expand its team. The article highlights the growing interest and investment in AI companies focused on natural language processing and conversational AI assistants. It also mentions the potential applications of Nex’s technology in areas such as customer service, content creation, and research analysis.
Source: https://www.businessinsider.com/ai-startup-nex-raises-seed-round-foundation-capital-2024-8