A Vancouver-based startup this week unveiled a new generative artificial intelligence platform designed for enterprises.
Charli AI announced that its state-of-the-art platform Ancaeus is designed for cross-functional use across an enterprise that can discover, understand, and use facts extracted from millions of pieces of content to generate insights, spreadsheets, presentations and natural language reports—performing without dread some of the most tedious administrative tasks out there.
The impact of this release is significant at a time where labour shortages and cost increases are putting corporate management teams under intense pressure to increase revenue with smaller budgets, according to a statement from the company.
Founder Kevin Collins says he has watched companies spend billions of dollars on “narrowly focused AI solutions with limited and siloed success.”
“Traditional AI deployments require an enormous amount of data, an army of highly skilled staff to implement, and have prohibitive ongoing maintenance costs as the data gets stale and models need to be retrained and redeployed,” the entrepreneur explains. “Our Ancaeus platform is changing that reality with an unmatched set of AI capabilities that are fully productized, ready to deploy, delivering day-one value, and handling diverse sets of data dynamically.”
Built with AI at its core, Charli AI’s platform includes a sophisticated “network of ensembles” that are orchestrated to perform advanced tasks “out of the box,” eliminating training required for bespoke machine learning models.
According to Collins, Ancaeus customers can see 70% cost savings, which he believes is “unprecedented” for the industry.
One of the biggest digital transformation challenges that enterprises face is overcoming organisational reticence in embracing new technologies and processes, he says. Thus, Ancaeus is built with an intuitive user interface designed to build trust and allow individuals and teams to interact directly with the AI.
“It’s an industry game changer,” Collins affirms.
Founded in 2018, Charli AI is the latest venture from the team behind Bit Stew Systems, an industrial internet-of-things startup acquired by GE Digital in 2016 for $208 million. The team of Ph.D. scientists, data science engineers, and content management experts empower businesses to accelerate growth, reduce costs, streamline operations, unlock knowledge, and improve collaboration through AI.