This is progress in the field of general artificial intelligence * The product is an artificial intelligence-based tool that shortens the reading time by 75% and summarizes the important information * The company will recruit dozens of employees to its offices in Tel Aviv in the coming year
artificial intelligence startup, AI21 Labs, is launching todayWordtune Read, a technological tool that changes the way we read. The new tool, based on language analysis models, is designed for people in a variety of professions, industries and academia to better deal with a huge load of information. Wordtune Read analyzes and summarizes documents in seconds, allowing users to read long and complex text more efficiently and on average 75% faster.¹
According to a new study conducted in the UK, workers and students spend almost an hour (56 minutes) a day reading for work-related purposes, including articles and reports.² Over a third (37%) admitted that they suffer from information overload - a well-known phenomenon called "reading fatigue". According to the study, one in ten respondents say they no longer enjoy reading because of this. Wordtune Read addresses this pain point by summarizing the key information from the document quickly, concisely and accurately, thereby improving reader productivity. The new tool saves professionals and students about 42 minutes a day. When asked how they would use this free time, which equates to an average of 24 free days a year, nearly a quarter of professionals and students said they would use this time to learn a new skill, while one in ten (9%) would use it to be more productive at work.³
"The knowledge you can get from reading is powerful, but most of us don't have time to consume all the information we need," said Yoav Shoham, founder and co-CEO of AI21 "The basic way we read has hardly changed since the invention of printing by Gutenberg and we wanted to challenge The method through innovation."
AI21 Labs , was established by the serial entrepreneurs Prof. Yoav Shoham, Uri Goshen and Prof. Amnon Shashua, with the aim of channeling the artificial intelligence revolution and fundamentally changing the way people write and read and in fact produce a "mental assistant" for humans. The company's first product, Wordtune, was launched about a year ago and has about a million users. The AI21 Labs R&D team develops comprehensive models for language analysis. The company has so far raised 54.5 million dollars, with the most recent raising amounting to 20 million dollars based on a valuation of 400 million dollars and it intends to recruit dozens of development personnel, product managers, UI/UX for offices in Tel Aviv in the coming year.
איך זה עובד?
Professionals, researchers and students upload long documents, such as: studies and academic articles to a PDF file or copy and paste a link of the text they want to read into the new tool. Within seconds, short sections appear next to the text that identify and summarize the main topics of the document and help users quickly decipher complex language, so they can focus on the important parts. In addition, the Spotlight feature developed by the company can re-summarize the text from different perspectives, emphasizing the information that the user is most interested in. Currently, the tool is available for work in English and is available to the general public as a web application wordtune.com/read.
"From our point of view, this tool is meant to be a real companion to the thought process", continued Yoav Shoham. "Unlike other reading assistants that extract key sentences, we built a tool that is capable of summarizing text - an ability that is much more complex than reformulating a sentence because it requires a deep understanding of the wider context. This way the tool can help people shorten a long story quickly and accurately."
עAnd on the topic on the science website:
4 תגובות
Li' Porat: It's not really a scientific website.
Dr. Sheral Weinberger and his financier partner are doing something under the radar just as well
And good luck with the GPT competition for generations...
"According to a new study conducted in Great Britain" without giving a link to the study is perhaps appropriate for Ynet, and certainly not what is expected from a scientific website. Maybe you meant to put it in the footnote ¹ that disappeared?