Headquartered in Palo Alto
Genspark, an AI search firm situated in Palo Alto, California, has raised $60 million in a seed round. This significant investment reflects a growing interest in AI-powered search, positioning Genspark as a possible contender to Google’s market supremacy.
AI-Powered Search with a Twist
Genspark distinguishes itself from typical search engines by utilizing a diverse set of AI model providers to not only index and summarize information, but also generate new content. This entails deploying numerous specialized AI agents to generate personalized pages for each user inquiry. The idea is to provide all of the necessary information a user requires on a single, complete page.
Leadership and Team
Eric Jing leads the company, having formerly overseen Baidu’s AI-powered smartphone and smart speaker subsidiary, Xiaodu. Jing brings extensive knowledge with AI technology to the table. Genspark currently has a team of 20 people split between the United States and Singapore. Genspark, headquartered in Palo Alto, California, says its search engine indexes and summarizes content using a range of Al model suppliers. It stands out by leveraging numerous specialized Al agents to build unique, tailored pages for each query, with the goal of providing valuable answers on a single page.
A Growing AI Search Market
Genspark’s investment spike mirrors a larger trend of increased competition in the search engine business. The emergence of AI models is making way for new ways to information access and retrieval. Another AI-powered search engine, You.com, is allegedly close to securing a $50 million fundraising round, demonstrating investor confidence in the area. Perplexity, a well-known participant in the AI search space, is also looking for further capital to drive future growth.
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