Open source NLP is fueling a new wave of startups

Let the OSS Enterprise newsletter guide your open source journey! Large language models capable of writing poems, summaries, and computer code are driving the demand for "natural language processing (NLP) as a service." As these models become more capable -- and accessible, relatively speaking -- appetite in the enterprise for them is growing. According to a 2021 survey from John Snow Labs and Gradient Flow, 60% of tech leaders indicated that their NLP budgets grew by at least 10% compared to 2020, while a third -- 33% -- said that their spending climbed by more than 30%. Well-resourced providers like OpenAI, Cohere, and AI21 Labs are reaping the benefits.