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Open source NLP is fueling a new wave of startups

NLP

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%.

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