Novus Holdings Invests R55 Million in AI Innovation Company

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will help students in South Africa who don’t have access to private education support. MML’s AI tutor simulates one-on-one tutoring, improving student performance by an average of two grades. This demonstrates how Bytefuse’s work with MML has a revolutionary effect on improving educational experiences and results.

“AI is at the forefront of significant change in our society, and our work with MML demonstrates its potential to create significant value in education,” said. “This investment from Novus Holdings will enable us to scale our solutions and bring AI-driven innovation to more sectors. We believe that by leveraging our solutions, businesses can achieve unparalleled efficiency and effectiveness while delivering products and services that were not previously possible.

Since Bytefuse began its journey four years ago, it has had a head start in building strong artificial intelligence solutions due to its long-term vision and readiness. The business employs open-source AI models since they are more affordable to host and smaller in size. Bytefuse can enhance the quality of outcomes beyond standard off-the-shelf solutions, guaranteeing data confidentiality and privacy, by training these models on a business’s proprietary data.

Bytefuse strengthens its strategic position in the AI market with top AI specialists led by Prof. Etienne Barnard, who has over 35 years of experience, enabling him to understand the fundamental building blocks of AI and address issues effectively.commented on the investment, “We are incredibly pleased to have incubated Bytefuse from its inception and to receive this substantial investment.

 

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