As the battle between tech giants for market share in the artificial intelligence (AI) business heats up, Microsoft is working with ChatGPT maker OpenAI to maintain its current lead and first-mover advantage. We are taking every possible measure. As Microsoft continues to explore enterprise-level AI capabilities to power its products, it looks like it’s found another startup to partner with early on. Microsoft recently acquired a stake in London-based Software-as-a-Service (SaaS) startup Builder.AI and entered into a strategic partnership to bring its bot Natasha.ai to Teams. The tech giant also participated in Builder.ai’s $250 million Series D round led by the Qatar Investment Authority (QIA) with participation from Iconiq Capital, Jungle Ventures and Insight Partners. This comes just two months after Microsoft released his AI assistant Copilot for all Office 365 apps and services, including Word, Excel, PowerPoint, Outlook, Teams and Business Chat. So why add another AI bot? Builder.ai provides AI-based solutions for developing applications with limited or no coding required for enterprises. Its solutions help clients develop apps faster and at a lower cost. But the use case of Natasha.ai as an AI assistant is very different. Sachin Dev Duggal, founder of Builder.AI and “Chief Magician,” feels strongly that it makes sense for Microsoft to adopt Natasha.ai alongside his Copilot. “We have an internal project called Hummingbird, which is designed to allow Natasha to be on the very edge of conversations taking place between teams within the company. is on the team that inspects the warehouse, and we may be discussing the problem, and Natasha tells me that the warehouse scanner might help solve the problem,” says Dougal. For example, if the company has five warehouse teams around the world, Natasha will know if the person is on his team in New Delhi, and the warehouse team in Tokyo already has an app that mostly addresses the issue. I’ll let him know in case I’m developing. “The Delhi team can bring it to market within three weeks by simply adding a few features to the same app (if needed),” he added. All such conversations on Teams are tracked by Natasha to find the right solution, along with other use cases. In comparison, Dougal said his Copilot, which is also available in Teams, is more of a productivity tool used for tasks like taking notes. Microsoft got ahead of the curve with its introduction of AI into its own Bing search engine and Office 365, but at the recent annual developer conference Google I/O, rivals also incorporated his AI into automated email creation capabilities. and announced the search engine. The search giant also announced Bard, which competes with ChatGPT. There are other AI tools that are gaining popularity among corporate clients, such as Bedrock and his DALL-E. Bedrock is a service that helps you build generative AI applications on Amazon’s cloud computing platform. OpenAI’s Dall-E is a generative AI technology that allows users to create images with text prompts. Despite being the leader in productivity tools among enterprise customers, Microsoft’s Teams still faces competition from the likes of Zoom and Google Meet. Therefore, it is imperative for companies to accelerate their adoption of AI to improve the productivity of their customers. Fundraising and Expansion In 2016 he founded Builder.ai by Duggal and Saurabh Dhoot, so far he has raised $450 million. In 2019, The Wall Street Journal reported allegations that Builder.ai’s AI tool (then called Engineer.ai) was “assisted by humans.” Microsoft’s funding may be a sign that the startup has addressed these issues. About 35-45 percent of the new capital will be used for research and development, with the rest going to market expansion. Builder.ai is also considering potential geographic expansion and mergers and acquisitions. Dougal said the company’s major markets include India, Singapore, GCC and the United States. And we have plans for further expansion in the UK. In India, the startup has offices in the Delhi-NCR region. Regarding the scope of the partnership with Microsoft, Duggal said: “Microsoft is a special partner for us and we have a shared vision for products, technologies and key markets.” Currently, Builder.ai says that by 2030 he will be able to build 77 apps per hour. We are working towards a plan to do so. “Our focus is on getting more customers who don’t need much knowledge about building apps and making them more productive by providing a variety of support,” he said. I was. The Perils of AI Around $1.7 billion was raised by generative AI startups in the first quarter of 2023, with startup ecosystems around the world riding on the buzz and promise of AI and ChatGPT, according to PitchBook. A further $10.68 billion worth of deals were announced during the quarter, but have yet to close. Microsoft also announced a $10 billion injection into OpenAI in January. AI is a rising field for both venture capital firms and IT services firms amid a funding winter and cutbacks in technology spending due to macroeconomic uncertainty. However, the extent of its risk and danger has not yet been estimated. Also, it remains to be seen if this trend will continue or if it will become a fading fad like the Metaverse. While top Indian and international IT services companies are developing generative AI-related products for their customers, Duggal cautions. “We are still early. I feel that companies are just starting to use AI to improve productivity. Because we don’t fully understand the impact[of AI],” Dougal said. He added, “SI companies don’t understand the impact of AI at all, but they’re selling it as a shiny new toy to get a few extra bucks from their customers. Not only is this dangerous, it’s also a bit irresponsible.” Examples of where generative AI can go wrong include duplicating the voices of politicians and creating fake social media posts. Dougal added that it is possible that
