Overview:
Eight months after its initial launch, OpenAI’s ChatGPT continues to soar. Its latest progress includes features such as Code Interpreter and Custom Instructions, providing more personalized capability and user-friendly interfaces.
Meanwhile, a sextet of LLM unicorns, namely Anthropic, Cohere, Inflection, Adept, Jasper and Character.ai, are chasing after OpenAI’s, hoping to grab a slice of the pie in the ever-growing LLM market.
This report provides an in-depth comparative analysis of these unicorns by looking at important factors such as company history, notable backers, founder’s background, product technology and positioning.
Our findings suggest that there is a strong correlation between the founders’ AI credentials and the startup’s unicorn status. We delve deeper into the concept of “founder-market” fit, a factor that leads VCs inside the AI industry to deem investment worthwhile, even as outside observers question the perceived high valuation of these startups.
Moreover, we develop a competitive landscape that uses “technical proficiency” and “impact scope” as key factors to illustrate the differentiated positionings of the six LLM unicorns. The LLM competitive landscape is ever changing, and the key players and the directions they move will have a big impact on how AI chatbots evolve.
Published Date: October 2023