Oh raises £3.7m for AI chat innovation

Oh, a startup specializing in AI-generated chat models, has secured £3.7m ($4.5m) in a seed funding round. The company's primary offering, OhChat, allows users to engage in AI-powered conversations with virtual characters, aided by a personal recommendation engine to tailor the experience. A distinctive aspect of their service includes a 'superModel builder' tool that enables users to create unique characters or digital twins, which are then minted into NFTs, allowing creators to profit from their use in content, receiving 80% of the revenue. The company claims to differentiate itself by ensuring all depictions of real people are consensually licensed, addressing concerns around non-consensual deepfake content. Oh’s CEO, Nic Young, underscores the transparency and ethical approach of their platform, contrasting it with less legitimate services. The funding comes during heightened scrutiny by the UK government on deepfake regulations.