AssemblyAI lands $50M to build and serve AI speech models

Companies are betting big on generative AI to gain a competitive edge. But adoption challenges remain. According to a recent survey from EY, a significant portion of businesses looking to embrace generative AI say that the field’s rapid progress — and the surge in vendors claiming to have AI expertise — is complicating their deployment prospects.
You wouldn’t know it from their spending, though. Per an IDC forecast, worldwide investments in “AI-centric” systems could reach $154 billion by the end of the year. And an MIT Tech Review poll found that 50% of firms plan to boost budgets on data infrastructure and …
Read more…….