Artificial Intelligence: Adept AI Raises $350M For AI That Does Your Bidding

Adept previously raised $65 million in early 2022.

Adept, a one-year-old startup founded by three AI experts, has raised $350 million as part of its Series B to develop an AI assistant that can turn text commands into sets of actions. This would hopefully enable a future where an engineer can ask an AI assistant draw up the construction plan of a house and stand by as it executes on the command.

The funding round was led by General Catalyst and co-led by Spark Capital, with additional participation from existing investors, new financial partners, and some tech heavyweights.

Adept’s demo ACT-1, which is capable of performing complex functions like importing LinkedIn URLs into recruiting software, will be available on desktop and mobile in the future. (Forbes)

David Luan, Adept’s CEO, has a vision to make the technology achieve artificial general intelligence (AGI) – a theoretical AI that is able to take logical decisions independently of constant human guidance. However, Luan’s AGI would be more commercially oriented, with humans remaining in overall control.

The company has lined up strategic investors like Microsoft, Nvidia, Atlassian, and Workday, all of whom are tech giants that might someday integrate Adept’s AI assistant into their software.

The company is said to be raising more capital with these collaborators at a yet-to-be-determined valuation that could potentially be higher than $1 billion.

Related Story:  OpenAI Announces GPT-4

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