{"id":129662,"date":"2021-10-29T10:22:36","date_gmt":"2021-10-29T17:22:36","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2021\/10\/the-verbit-model-for-the-future-of-work-with-ai"},"modified":"2021-10-29T10:22:36","modified_gmt":"2021-10-29T17:22:36","slug":"the-verbit-model-for-the-future-of-work-with-ai","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2021\/10\/the-verbit-model-for-the-future-of-work-with-ai","title":{"rendered":"The Verbit Model For The Future Of Work With AI"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/the-verbit-model-for-the-future-of-work-with-ai.jpg\"><\/a><\/p>\n<p>The new world of work is also about a new kind of teamwork: humans and AI working together to achieve more than they can accomplish on their own. Regardless of its recent progress, AI is still not accurate enough to meet the enterprise-level requirements of speech-to-text in many industries. \u201cIf technology gives me 90% accuracy, humans can deal with the last mile. Human-in-the-loop is core to our product,\u201d explains Livne. In addition to developing the required technology, Ver\u2026 See more.<\/p>\n<hr>\n<p>Verbit is a very successful startup. The 4-year-old developer of an AI-powered transcription and captioning platform has reached unicorn status in June, raising $157 million at a valuation of over $1 billion, for a total of $319 million raised to date. It has 2,600 customers, 450 employees, and will reach $100 million in revenues by the end of the year. According to co-founder and CEO Tom Livne, Veribit enjoys Net Revenue Retention (the rate of revenue generation from existing customers) of 163%. \u201cOur customers are growing with us,\u201d says Livne.<\/p>\n<p>This impressive performance is the result of executing on a well thought-out framework for what it will take to succeed in the future, no matter what business you are in and the market you are serving. Verbit\u2019s technology foundation, its global community of freelancers, and its mass customization strategy are the three features of Verbit\u2019s future of work model, the very model of a 21 st century company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new world of work is also about a new kind of teamwork: humans and AI working together to achieve more than they can accomplish on their own. Regardless of its recent progress, AI is still not accurate enough to meet the enterprise-level requirements of speech-to-text in many industries. \u201cIf technology gives me 90% accuracy, [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,6],"tags":[],"class_list":["post-129662","post","type-post","status-publish","format-standard","hentry","category-business","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/129662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=129662"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/129662\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=129662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=129662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=129662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}