rabbit Secures $20Million Funding Round, Introducing Large Action Model (LAM)

rabbit, an AI company focusing on consumer hardware and foundation model research, announced that it has raised a $20 million round led by Khosla Ventures, with participation from existing investors, including Synergis Capital, and strategic partners including Kakao Investment. The funding will be used to scale the company’s engineering and product development efforts and prepare for its hardware launch early next year.

AiThority Interview Insights : AIThority Interview with David Lambert, VP & GM, Strategy & Growth, APAC, Medallia

The company’s core product is rabbit OS, an AI-powered personalized operating system through a natural language interface, and a dedicated consumer mobile device to host the OS. This system allows users to interact with their devices using natural language instead of apps and menus. rabbit OS can comprehend complex user intentions, operate user interfaces, and perform actions on behalf of the user.

rabbit OS is powered by Large Action Model (LAM), a new type of foundation model that understands human intentions on computers. By leveraging LAM, rabbit OS empowers any user, regardless of their professional skills, to teach the system how to achieve specific goals on applications. LAM continuously learns and imitates from aggregated demonstrations of users and enables the OS to quickly execute complex tasks on consumer interfaces. It facilitates these tasks in a humanizing way without the need for the user to install the applications or leverage specialized application programming interfaces (APIs). “Interaction with rabbit will be like interacting with a friend, who learns by observing how you tackle a task and listening to your explanations in plain language,” says Jesse Lyu, founder and CEO of rabbit.

Recommended:  Understanding Artificial Intelligence’s Role in Accelerating Africa’s Healthcare Momentum

“Computers, since their inception, have been designed as non-intuitive tools; even with the recent boom of advanced artificial intelligence, our relationship with the computer remained unchanged, as of a passive one,” Lyu said. “rabbit is launched as an effort to reverse this relationship, to envision a world where technology enhances the human experience.”

“We were early to invest in AI and continue to look for companies that can have a large impact. Large Action Model seems to be the missing puzzle between today’s AI-powered chatbots and the transformative consumer experiences we can imagine in the future,” said Kanu Gulati, Partner at Khosla Ventures. “In rabbit, we saw a team that has deep technical expertise combined with strong consumer experience to build a new class of personal devices.”

Recommended: Is Your Beautiful Content Going into a Black Hole?

 [To share your insights with us, please write to sghosh@martechseries.com]