An Israeli business that utilizes algorithms to create extremely accurate transcripts and captions is improving its services using generative AI, with an initial focus on higher education consumers. Verbit has announced Gen.V, a generative AI solution that can scan the company's transcripts to extract critical information and deliver automatic summaries and headline recommendations. In order to accomplish so, the new solution combines the startup's powerful algorithms, natural language processing, content generating capabilities, and artificial intelligence. "We believe that the greatest value is created when services and solutions match customer needs," stated Verbit CEO and founder Tom Livne. "As a result, Verbit is concentrating on generative AI and identifying industry-specific applications in each of our industries." We're thrilled that our first solution for higher education is now available, and we're working on intriguing applications in other fields, such as utilizing AI to detect discrepancies in live depositions for the legal industry."
"It's our mission to not only provide the best tools for transcription, but also to help our customers extract the full value from their transcripts by harnessing the power of the latest developments in generative AI," stated Michael Rosman, VP Marketing at Verbit. "From a higher-education perspective, AI summaries of transcribed lecture materials make it easier for students of all backgrounds, abilities, and learning styles to understand their subjects and improve their performance." More than 3,000 enterprises and institutions in the education, legal, media, government, financial, and corporate sectors have already employed Verbit's services. It was founded in 2017 and has offices in Givatayim, central Israel, and New York.
