Announcing the winners of VentureBeat’s 6th Annual AI Innovation Awards

Last updated: 2024/07/12 at 12:45 AM

Published July 12, 2024

13 Min Read

We wish to hear from you! Take our fast AI survey and share your insights on the present state of AI, the way you’re implementing it, and what you anticipate to see sooner or later. Learn More

Capping the second day that includes insights from enterprise AI and knowledge leaders throughout VB Rework 2024 in San Francisco, VentureBeat introduced the winners of the sixth annual AI Innovation Awards.

The awards acknowledged enterprise implementation, innovation, startup promise and visionary and inclusivity initiatives in generative AI. 9 awards got in 5 classes: Generative AI Innovator of the 12 months, Finest Enterprise Implementation of Generative AI, Most Promising Generative AI Startup, Generative AI Visionary, Generative AI Variety and Inclusion and Generative AI Open Supply Contribution.

The nominees and winners have been drawn from our every day editorial protection and the experience, information and expertise of our nominating committee members.

Thanks to our nominating committee members for his or her steerage, insights and proposals:

Jonathan Frankle, Chief Scientist for neural networks at Databricks
Diya Wynn, Accountable AI lead at AWS.
Tonya Custis, Senior Director of AI analysis at Autodesk
Prem Natarajan, Chief Scientist and head of enterprise AI at Capital One
Kalyan Veeramachaneni, Principal Analysis Scientist at MIT College of Computing

And the winners are:

This award goes to the corporate that has pushed the boundaries of gen AI the furthest prior to now yr and demonstrated essentially the most progressive use of the expertise.

Our winner is OpenAI. The startup has rapidly claimed the focus within the tech world, fascinating each business insiders and most people with its groundbreaking AI improvements. From the viral success of ChatGPT to the anticipation surrounding every new mannequin launch, OpenAI has masterfully stored the highlight on gen AI. Their rapid-fire developments, together with GPT-3, GPT-4, and DALL-E, haven’t solely showcased the potential of AI however have additionally sparked international conversations about its implications. With the current announcement of GPT-4o (GPT-4 Omni), OpenAI continues to command headlines and steer the narrative of AI’s future, cementing its function as the corporate everybody’s watching within the AI revolution.

This award highlights the highest enterprise firm that has applied gen AI expertise in a really transformative approach.

Our winner is Microsoft. The tech large has been engaged on incorporating gen AI into its Dynamics and Energy platforms to allow enterprise functions with the facility of gen AI. The corporate has additionally deployed its Copilot gen AI assistant throughout the Microsoft 365 suite of enterprise productiveness and collaboration apps. In Could, the corporate introduced that Microsoft Copilot Studio will let builders construct AI bots that act like brokers. In June, the corporate’s Azure AI team dropped a brand new imaginative and prescient mannequin referred to as Florence-2 on Hugging Face.

Colette Stallbaumer, WorkLab co-founder and Copilot GM at Microsoft, was a speaker at Rework. She accepted the award in a video earlier within the day.

“I’m honored that VentureBeat is recognizing Microsoft for greatest enterprise and implementation. It’s been an unbelievable yr and I’m thrilled that our clients are seeing the worth of Copilot within the enterprise. I’m honored to just accept this award on behalf of Microsoft and the unbelievable workforce behind Copilot. Thanks.”

Our winner is Patronus AI. The corporate is targeted on AI analysis and safety, significantly for big language fashions (LLMs). As extra tech firms launch fashions able to seeing, listening to and injecting emotion into interactions, it makes it tough to maintain up with accuracy, privateness and auditing wants. Patronus AI goals to handle these challenges and has launched “FinanceBench” benchmarks, datasets and diagnostics to assist in areas like detecting personally identifiable data (PII) in bot data. In Could, the corporate raised $17 million in a sequence A funding, bringing its whole funding to $20 million.

The Patronous AI workforce couldn’t be on the convention to just accept the award in individual; nevertheless, Anand Kannappan, co-founder and CEO, did ship in an acceptance video.

Kannappan mentioned the corporate was thrilled to be receiving the award.

“We assist firms scale, we catch failures to inform their programs…we launched the patch late final yr to assist monetary companies firms and check their programs,” he mentioned. “It has since been extensively adopted as a regular by monetary establishments. We’re so pleased with this recognition from VentureBeat and we’re actually thrilled about what’s coming subsequent in 2024 and past.”

Our winner is Abridge. The corporate gives an AI-powered platform constructed for medical conversations and bettering medical documentation. The corporate’s expertise transforms patient-clinician conversations into structured medical notes in real-time with deep digital medical data integrations. In February the corporate introduced a $150 million sequence C spherical, simply 4 months after a $30 million sequence B spherical. The corporate additionally introduced a brand new enterprise settlement with Yale New Haven Well being System, to scale back the psychological load of medical documentation to concentrate on affected person care.

Abridge CTO/CSO Zack Lipton accepted the award for the corporate at VB Rework. He talked about how the corporate is working to take away the executive friction that medical professionals face.

“Already within the final yr we’ve gone from a single pilot to the main system deployed in over 50 hospital programs throughout the nation,” mentioned Lipton. The hope is to save lots of medical doctors and medical professionals priceless time, he added.

“Each day we hear from medical doctors who’re in a position to get house earlier, take lunch breaks for the primary time in 10 years and spend time with their households within the night,” mentioned Lipton. “We’re saving medical doctors hours per day and we’re simply getting began.”

Our winners are ServiceNow and Hugging Face. StarCoder, a brand new LLM, a part of the BigCode Project, a joint effort of ServiceNow and Hugging Face, launched in May. That is a part of an effort to construct out an open group round code technology instruments for AI.

ServiceNow’s Sampada Chavan, an AI senior principal product supervisor, accepted the award at VB Rework.

“There are two primary issues that I wish to spotlight,” Chavan mentioned. “One, is we actually faucet into the virtuous cycle of open innovation as a result of that is the place the group got here collectively to construct the mannequin in line with the information and that can give it again to the dedicated group as nicely.” The second half, she added, is having open, clear details about the fashions.

“And that is going to assist us with the generative AI in addition to responsive, accountable AI at scale,” she mentioned.

This award goes to essentially the most promising startup that has developed an progressive gen AI utility and demonstrated excessive development potential.

Our winner is Lamini. The startup gives a platform for AI mannequin improvement and deployment and recently introduced findings that its fine-tuning reduces hallucinations by 90%. The corporate was based in 2022 and goals to simplify the method of making, fine-tuning and deploying customized LLMs for companies. Lamini’s platform focuses on enabling mannequin coaching on proprietary knowledge whereas addressing privateness issues and computational effectivity.

Greg Diamos, CTO and co-founder of Lamini, accepted the award at Rework.

“It’s been an actual journey to get right here to have the ability to create this firm,” he mentioned. “I feel our mission is that each single enterprise can have entry to generative AI. He added that it was an honor for the corporate to obtain the award.

This award honors a person who has made important contributions to the sector of gen AI via their thought management, analysis or work constructing foundational applied sciences.

John Pasmore is the founder and CEO of Latimer, an LLM designed with deep empathy and a dedication to lowering bias. Latimer understands the nuances of various voices and narratives and leverages a retrieval-augmented technology (RAG) mannequin structure to make sure each response is grounded in essentially the most correct and complete knowledge accessible.

Pasmore accepted his award at Rework, saying: “It’s an unbelievable honor. We’re a really younger firm. We began final July and launched our product in January of this yr, with the only real purpose of constructing AI as inclusive as potential. So we’ve constructed a built-in mannequin that we hope all people makes use of. We’ve seen large adoption, we’re working with a bunch of schools and universities.”

This award acknowledges the corporate, group or person who has achieved essentially the most to advertise range and inclusion within the gen AI subject. This might embrace advancing AI ethics, making AI applied sciences extra accessible, offering alternatives and assist for underrepresented teams or utilizing AI in a approach that reduces bias and promotes social justice.

Maryam Rezapoor works on product improvement for Amazon AGI. She constructed the AWS AI and ML Scholarship, in collaboration with Intel and Udacity, from idea to creation to offer highschool and faculty college students from underserved and underrepresented communities with sources to start out their careers in AI and ML globally. (Disclosure: One in all our nominating committee members works for AWS)

Rezapoor accepted her award at VB Rework. She thanked her workforce and management at AWS.

“The journey of constructing this product and program was crammed with dedication and reflection for me,” Rezapoor mentioned. “As anyone from Iran, the expertise of navigating a brand new tradition formed my perspective. I vividly bear in mind the time that I completely acknowledged the worth and the facility of range. Being in a room with folks from totally different walks of life. I noticed firsthand how a imaginative and prescient can remodel into one thing extraordinary with folks of various backgrounds.”

“So I’m actually eager for future knowledge concepts and creators which are as various because the world,” she added.

This award highlights the individual, workforce or firm that has made essentially the most important contribution to open-source instruments, datasets or different sources to assist advance gen AI.

Our winner is Hugging Face. This main AI firm and platform supplies a complete ecosystem for machine studying (ML) practitioners, researchers and builders. Hugging Face is famend for its important open-source contributions to the ML group, significantly in advancing pure language processing (NLP) and pc imaginative and prescient (CV) applied sciences. Hugging Face’s platform has grow to be a go-to useful resource for AI practitioners, fostering innovation and information sharing within the subject.

Congratulations to all our winners and nominees.

Source link