Multiple artificial intelligence start-ups making practical “applications” based on large language models are rapidly increasing sales and sparking a race to commercialise the cutting-edge technology.
Investors are betting that companies such as Cursor, Perplexity, Synthesia and ElevenLabs, which build apps on the back of powerful generative AI models from the likes of OpenAI, Google and Anthropic, will drive the uptake of the fast-developing technology across consumers and businesses.
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