The CEO of OpenAI, Sam Altman, has invested in an artificial intelligence (AI) firm, Induced AI, that was established in Silicon Valley by two young people of Indian descent, Aryan Sharma and Ayush Pathak. Induced AI has raised $2.3 million in a seed investment round that was co-led by Altman and venture capital firm Peak XV and included an incredible set of investors.
“We let anyone create virtual AI workers that can automate the execution of workflows on a browser in the cloud with human-like reasoning,” Aryan Sharma has said. He tweeted about his startup's big achievement of getting investment from ChatpGPT maker OpenAI's CEO Sam Altman.
Other angel investors of the AI startup include Balaji Srinivasan (former CTO Coinbase), Julian Weisser (Co-founder, On Deck), Tyler Willis (Co-founder, Unsupervised), Cory Levy (Z Fellows), Nakul Gupta (ex-Coinbase), Ankur Nandwani (Founder, ZetaChain), Sudarshan Sridharan (Founder, Pipeline), Rahul Agarwal (Co-founder, Valent), Enzo Coglitore, Daksh Miglani (Co-founder, Valent), Rahul Rai, Sanat Kapur (Dragonfly Capital), Kyler Wang and Karan Dalal.
The AI startup allows automation of workflows that require real-time reasoning or dynamic judgment (filtering leads, cross-referencing documents, memory, etc.) - things that are hard and painful to set up with traditional browser automation/RPA.
Automation of browser tasks has so far been restricted to deterministic and ruleset-based workflows that are run on old RPA (Robotic Process Automation) software, the report mentioned.
“Our automated workflows run on a purpose-built browser environment that is designed especially for autonomous navigation. Web interactions, authentication, reasoning, memory - all are embedded in this underlying browser layer,” informed Sharma. Induced AI is also part of AI Grant’s Batch 2.
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