The CEO of OpenAI, the company that developed ChatGPT, Sam Altman, has invested in an artificial intelligence (AI) firm that was established in Silicon Valley by two teens of Indian descent, Aryan Sharma and Ayush Pathak.

A brief about Sam Altman from OpenAI finances the Indian firm Induced AI

This year’s business Induced AI has raised $2.3 million in a seed investment round that was co-led by Altman and venture capital firm Peak XV and included “an incredible set of investors.”

“We let anyone create virtual AI workers that can automate the execution of workflows on a Browser in the cloud with human-like reasoning,” Sharma stated on Wednesday.

Other angel investors include Balaji Srinivasan, a former CTO at Coinbase, Julian Weisser, Tyler Willis, Cory Levy, Nakul Gupta, Ankur Nandwani, Sudarshan Sridharan, Daksh Miglani, Rahul Rai, Sanat Kapur (Dragonfly Capital), Kyler Wang, and Karan Dalal.

Workflows that involve real-time reasoning or dynamic judgement (filtering leads, cross-referencing documents, memory, etc.), which are challenging and painful to set up with conventional web automation/RPA, can be automated with induced AI.

To date, robotic process automation (RPA) software has only been able to automate deterministic, ruleset-based workflows for browser tasks.

“Our automated operations operate in a specially created browser environment for autonomous navigation.

All of these functions—web interactions, authentication, logic, and memory—are incorporated into the base browser layer, according to Sharma.The second round of the AI Grant includes Induced AI.

According to the business, “We’re thrilled to have Nat Friedman (former CEO, Github) and Daniel Gross (ex-YC and Pioneer) join us as well.”

The startup has adopted an infrastructure-centric strategy, and rather than using a conventional browser, “we’ve built a browser that is purpose-built for running automated workflows,” according to the company.

The post Sam Altman from OpenAI finances the Indian Firm Induced AI appeared first on SomMarketer.