Retomagic has announced a partnership with Microsoft and Open AI to create a social network that will generate all content using artificial intelligence, the company said.
Retomagic is the first home imager for text in any language in a mobile app. The startup was founded by Mark Krasotin, now the company is located in the United Arab Emirates. Retomagic has launched a mobile application for photo enhancement, which has become the most popular among similar services on Android in Russia.
Now Retomagic plans to raise $2 million to develop an innovative social network. The company noted that Microsoft had expressed its willingness to recommend the product to its investment funds.
Retomagic also said that as part of the partnership, Microsoft and Open AI provided licenses for their products and access to computing resources. In addition, negotiations are underway to integrate the DALL-E 2 neural network in the project, whose developer is Open AI.
Author:
Natalia Gormaleva
Source: RB
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