"In the fall of 2024, six college students joined forces to start an AI company together. Five of them had met while studying computer science, computer engineering, and electrical engineering at Georgia Tech in Atlanta. The sixth, its CEO, was pursuing a degree in childhood and adolescent development at Sacramento State, with an eye on becoming a grade-school teacher. That wasn't the only thing that made him an outlier."
"Olive's name references the company's ambitious hope of fostering better understanding-an olive branch, if you will-between humans and machines. It's still in the process of researching and developing its AI model, and has raised $5 million in seed funding from education-focused venture capital firm Owl Ventures and Georgia Tech. The unusual founding team was a selling point to Owl, which also backed one of Nguyen's previous ventures, Hazel Health."
Six college students started an AI company in fall 2024. Five founders are 21 and studied computer science, computer engineering, or electrical engineering at Georgia Tech. The sixth, CEO Bill Nguyen, studies childhood and adolescent development at Sacramento State and brings over thirty years of tech industry experience. The company, Olive (Olive.is), is developing technology to improve AI's grasp of spoken communication by incorporating inflection, dialect, and other cues that current models may overlook. Olive plans to offer its technology as a service to enrich AI-powered applications in education and other areas. The startup raised $5 million in seed funding from Owl Ventures and Georgia Tech.
Read at Fast Company
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