10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
Artificial Intelligence

Colossyan uses GenAI to create corporate training videos


Most people don’t watch corporate training videos — or, in cases where the training’s mandatory, don’t give them their full attention. According to a recent poll from Kaltura, the video tech provider, 75% of staffers admit to skimming through training videos, watching them without sound or listening to them while multitasking.

So, given that training videos aren’t cheap to produce, is there a way to make them more engaging and thus less of a money sink? Dominik Mate Kovacs, the co-founder and CEO of Colossyan, thinks there is — and it involves GenAI.

Colossyan taps AI to generate workplace learning videos, remixing, re-animating and editing footage of one of several virtual avatars against changeable backdrops. Users can enter a script to have it “read” aloud by Colossyan’s text-to-speech (TTS) engine, which also translates the script into over 70 languages.

Colossyan

Image Credits: Colossyan

“To generate a video with Colossyan’s AI video platform, all you have to do is input a script and select from a diverse range of avatars,” Kovacs told TechCrunch in an email interview. “Any company can create a video about almost anything efficiently, without the need for conventional filming resources.”

Kovacs founded Colossyan in 2020 after leaving Defudger, a deepfakes detection platform, which he helped to co-launch. An engineer and data scientist by training, Kovacs says that he was inspired to start Colossyan by the budding corporate interest in GenAI.

“Enterprises are leveraging AI in diverse areas such as IT automation, customer care and digital labor — highlighting the broad applicability and potential impact of AI technologies in streamlining operations and enhancing service delivery,” Kovacs said. “The barriers to AI adoption, such as limited AI skills and data complexity, are significant yet surmountable challenges that many organizations are actively working to overcome. ”

For the heck of it, I gave Colossyan’s platform, which offers a free trial, a go to see if I could make a training video that’d successfully hold the attention of my ADHD brain — admittedly a high bar. The avatars were a bit too stiff and cartoonish for my liking and the TTS engine too robotic, at least compared to some of the more sophisticated GenAI tools out there (e.g. ElevenLabs). But I’ve certainly seen worse corporate videos.

Colossyan also doesn’t generate videos as quickly as I’d expect — a 38-second clip takes ~11 minutes. Granted, that’s a lot faster than creating trainings from scratch. But frankly, faced with the prospect of generating more than a handful of videos for whatever purpose, I’d be tempted to go the PowerPoint or Canva route instead.

I’m not Colossyan’s target market, of course. And it seems that several household brands are happy to pay for a subscription to Colossyan as it exists today, including Novartis, Porsche, Vodafone, HPE and Paramount, claims Kovacs.

Kovacs attributes the customer traction to features like integrations with learning management systems and a “conversation mode’ that allows two avatars to hold a dialogue with each other. He doesn’t deny that there’s a fair amount of competition in the GenAI video space — see CommonGround, Synthesia and Surge plus solutions from tech giants like Microsoft — but he thinks that Colossyan’s focus on “interactivity and engagement,” as he puts it, will continue to set the platform apart.

Perhaps he’s right. Colossyan today announced that it raised $22 million in a funding round led by Lakestar with participation from Launchub, Day One Capital and Emerge Education. The proceeds will be put toward tripling Colossyan’s headcount across its New York, London and Budapest offices, Kovacs says, and developing new capabilities like branching videos and knowledge checks.

“For C-suite and IT department leaders, our platform represents a scalable, cost-efficient solution to training and development challenges,” he added.



Source link

by Team SNFYI

Facebook is testing a new feature that invites some users—mainly in the US and Canada—to let Meta AI access parts of their phone’s camera roll. This opt-in “cloud processing” option uploads recent photos and videos to Meta’s servers so the AI can offer personalized suggestions, such as creating collages, highlight reels, or themed memories like birthdays and graduations. It can also generate AI-based edits or restyles of those images. Meta says this is optional and assures users that the uploaded media won’t be used for advertising. However, to enable this, people must agree to let Meta analyze faces, objects, and metadata like time and location. Currently, the company claims these photos won’t be used to train its AI models—but they haven’t completely ruled that out for the future. Typically, only the last 30 days of photos get uploaded, though special or older images might stay on Meta’s servers longer for specific features. Users have the option to disable the feature anytime, which prompts Meta to delete the stored media after 30 days. Privacy experts are concerned that this expands Meta’s reach into private, unpublished images and could eventually feed future AI training. Unlike Google Photos, which explicitly states that user photos won’t train its AI, Meta hasn’t made that commitment yet. For now, this is still a test run for a limited group of people, but it highlights the tension between AI-powered personalization and the need to protect personal data.

by Team SNFYI

News Update Bymridul     |    March 14, 2024 Meesho, an online shopping platform based in Bengaluru, has announced its largest Employee Stock Ownership Plan (ESOP) buyback pool to date, totaling Rs 200 crore. This buyback initiative extends to both current and former employees, providing wealth creation opportunities for approximately 1,700 individuals. Ashish Kumar Singh, Meesho’s Chief Human Resources Officer, emphasized the company’s commitment to rewarding its teams, stating, “At Meesho, our employees are the driving force behind our success.” Singh further highlighted the company’s dedication to providing opportunities for wealth creation despite prevailing macroeconomic conditions. This marks the fourth wealth generation opportunity at Meesho, with the size of the buyback program increasing each year. In previous years, Meesho conducted buybacks worth over Rs 8.2 crore in February 2020, Rs 41.4 crore in November 2020, and Rs 45.5 crore in October 2021. Meesho’s profitability journey began in July 2023, making it the first horizontal Indian e-commerce company to achieve profitability. Despite turning profitable, Meesho continues to maintain positive cash flow and focuses on enhancing efficiencies across various cost items. The company’s revenue from operations for FY 2022-23 witnessed a remarkable growth of 77% over the previous year, amounting to Rs 5,735 crore. This growth can be attributed to Meesho’s leadership position as the most downloaded shopping app in India in both 2022 and 2023, increased transaction frequency among existing customers, and a diversified category mix. Additionally, Meesho’s focus on improving monetization through value-added seller services contributed to its revenue growth. Meesho also disclosed its audited performance for the first half of FY 2023-24, reporting consolidated revenues from operations of Rs 3,521 crore, marking a 37% year-over-year increase. The company achieved profitability in Q2 FY24, with a significant reduction in losses compared to the previous year. Furthermore, Meesho recorded impressive app download numbers, reaching 145 million downloads in India in 2023 and surpassing 500 million downloads in H1 FY 2023-24. Follow Startup Story Source link

by Team SNFYI

You might’ve heard of Grok, X’s answer to OpenAI’s ChatGPT. It’s a chatbot, and, in that sense, behaves as as you’d expect — answering questions about current events, pop culture and so on. But unlike other chatbots, Grok has “a bit of wit,” as X owner Elon Musk puts it, and “a rebellious streak.” Long story short, Grok is willing to speak to topics that are usually off limits to other chatbots, like polarizing political theories and conspiracies. And it’ll use less-than-polite language while doing so — for example, responding to the question “When is it appropriate to listen to Christmas music?” with “Whenever the hell you want.” But Grok’s ostensible biggest selling point is its ability to access real-time X data — an ability no other chatbots have, thanks to X’s decision to gatekeep that data. Ask it “What’s happening in AI today?” and Grok will piece together a response from very recent headlines, while ChatGPT, by contrast, will provide only vague answers that reflect the limits of its training data (and filters on its web access). Earlier this week, Musk pledged that he would open source Grok, without revealing precisely what that meant. So, you’re probably wondering: How does Grok work? What can it do? And how can I access it? You’ve come to the right place. We’ve put together this handy guide to help explain all things Grok. We’ll keep it up to date as Grok changes and evolves. How does Grok work? Grok is the invention of xAI, Elon Musk’s AI startup — a startup reportedly in the process of raising billions in venture capital. (Developing AI’s expensive.) Underpinning Grok is a generative AI model called Grok-1, developed over the course of months on a cluster of “tens of thousands” of GPUs (according to an xAI blog post). To train it, xAI sourced data both from the web (dated up to Q3 2023) and feedback from human assistants that xAI refers to as “AI tutors.” On popular benchmarks, Grok-1 is about as capable as Meta’s open source Llama 2 chatbot model and surpasses OpenAI’s GPT-3.5, xAI claims. Image Credits: xAI Human-guided feedback, or reinforcement learning from human feedback (RLHF), is the way most AI-powered chatbots are fine-tuned these days. RLHF involves training a generative model, then gathering additional information to train a “reward” model and fine-tuning the generative model with the reward model via reinforcement learning. RLHF is quite good at “teaching” models to follow instructions — but not perfect. Like other models, Grok is prone to hallucinating, sometimes offering misinformation and false timelines when asked about news. And these can be severe — like wrongly claiming that the Israel–Palestine conflict reached a ceasefire when it hadn’t. For questions that stretch beyond its knowledge base, Grok leverages “real-time access” to info on X (and from Tesla, according to Bloomberg). And, similar to ChatGPT, the model has internet browsing capabilities, enabling it to search the web for up-to-date information about topics. Musk has promised improvements with the …