Deepl CEO Jaroslaw “Jarek” Kutylowski.
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German startup Deepl on Wednesday said it is expanding beyond artificial intelligence-powered translations to popular AI agents focused on companies.
The term “agent” refers to an AI tool that allows you to perform tasks in the background depending on the user prompt.
DEEPL Agent is designed to complete “repeated, time-consuming tasks across a variety of functions,” according to the company. You can respond to natural language commands from users. Deepl agents can be used by a variety of teams, from HR to marketing, the company added.
Agents or Agent AI have become a buzzword in the tech industry, highlighting how companies see how these digital assistants automate more mediocre tasks. Companies such as Microsoft, which have Co-Pilot and Anthropic Claude, are products focused on enterprise customers.
This move is a step beyond Deepl, which has been valued at $2 billion since its founding in 2017. It could potentially potential a company against major AI players such as Anthropic, Openai and Microsoft, which target enterprise customers.
Deepl CEO Jarek Kutylowski told CNBC on Wednesday that its agents are a natural extension of its translation products.
“We’ve discovered that this technology can help you whenever you’re doing research or anything you’re doing,” Kuchlowski said.
“All the boring tasks in the office help other systems, AI and their autonomous agents, especially Deepl agents, solve very well if you need to switch between different systems and get data from one system.”
Deepl’s translation products are based on a large-scale language model of self-development. Kutylowski said the Deepl agent is based on its own model and models available “outside” from other providers.
There are many companies promoting AI agents, but the market is still very early on. Meanwhile, the overall interest of AI companies is still high. On Tuesday, Amazon-backed humanity announced a funding round that made the company a post-money valuation of $18.3 billion.
The technology list appears to be collecting steam. Both fintech companies Klarna and Crypto Exchange Gemini revealed details this week about their first public offerings.
Against this background, CNBC asked Kutylowski if Deepl was considering an IPO.
