AI startup Jasper acquires symbol generator Clipdrop from Steadiness AI

U.S. writing assistant startup Jasper has obtained Clipdrop, a man-made intelligence-powered picture utility from Steadiness AI, the corporate advised Reuters on Wednesday, as Jasper expands its choices to corporates.

The deal, the phrases of which have been no longer disclosed, marks a reversal in technique for Steadiness AI, a London-based startup identified for its symbol technology AI style, which obtained Clipdrop lower than a yr in the past.

In an emailed commentary, Emad Mostaque, CEO at Steadiness AI stated the deal will permit the corporate to proceed to concentrate on growing “state-of-the-art open fashions”.

Based in July 2020, Paris-based Clipdrop had raised seed funding from Air Side road Capital ahead of being offered to Steadiness AI in March 2023 for an undisclosed quantity. On the time, Clipdrop stated it had greater than 15 million customers.

Jasper and Steadiness AI are common amongst customers of and buyers in generative AI, a space populated by means of OpenAI’s ChatGPT.

Each corporations have raised over $100 million from challenge buyers at billion buck valuation, and are actually seeking to turn out they are able to maintain the expansion within the fast-moving race with different startups and large tech corporations.

Jasper, identified for its AI-based writing instrument, has observed layoffs and CEO adjustments because it tries to concentrate on serving enterprises, as an alternative of customers, prior to now yr. It plans to provide Clipdrop thru its platform, whilst holding it to be had as a standalone product.

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