Investing.com - Poetic, an artificial intelligence startup, emerges from stealth Wednesday with $50 million in funding from OpenAI and other investors to help businesses streamline complex tasks ranging from insurance underwriting to financial compliance, according to reporting from Bloomberg.
OpenAI, Kleiner Perkins and Peter Thiel’s Founders Fund backed the startup. The company is now valued at $500 million.
Poetic was founded by Markie Wagner, who previously launched an AI consultancy called Delphi Labs and worked on machine learning at Alphabet Inc.’s (NASDAQ:GOOGL) Google and Waymo.
The startup is building a platform to automate essential, time-consuming tasks with AI. The company developed a programming language meant to help professionals use AI more cost-effectively.
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