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Weekly News Digest

September 28, 2023 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today.

CLICK HERE to view more Weekly News Digest items.

Elicit Gets Seed Funding to Enhance Its Machine Learning-Based Research Aid Product

Elicit “uses language models to extract data from and summarize research papers” and aims to reduce hallucinations (i.e., inaccurate answers provided by AI tools), per its website. “It streamlines the research process by finding relevant papers, extracting key information, and organizing the information into concepts,” a blog post explains.

Elicit announced that it has raised $9 million in seed funding and has become an independent public benefit corporation. (It originated at Ought, a nonprofit research lab.) The funding will go toward developing Elicit’s product and expanding its team. “Like Ought, our mission is to scale up good reasoning using machine learning, starting with researchers,” the blog post notes. “Along with the fundraise, we are launching a new version of Elicit that not only performs paper searches but also discovers concepts across papers.”

For more information, read the blog post.

Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli

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