Real-time event and risk detection company Dataminr Inc. today announced the launch of a new generative artificial intelligence service that automatically regenerates text descriptions as events unfold.

Called ReGenAI, the new service uses predictive AI to analyze and synthesize key developments detected in more than 1 million public data sources, distilling what the Dataminr calls  “multidimensional events” into concise event briefs that dynamically update. Using the new AI, customers can gain a rapid understanding of evolving events through a constantly updated, AI-powered live event brief, allowing them to determine the impacts on their organization and respond more effectively.

“ReGenAI moves generative AI beyond the ‘prompt’ paradigm, with automatically regenerating event briefs that dynamically update in real-time as an event evolves,” said founder and Chief Executive Ted Bailey. “Governments and corporations can rely on ReGenAI to rapidly understand the scope and impacts of unfolding events, enabling them to act faster and keep their people and assets safe in an increasingly unpredictable world.”

ReGenAI is the latest release from Dataminr, which has a long track record in AI. In April 2023, the company announced the launch of an artificial intelligence cybersecurity offering designed to deliver actionable intelligence on real-time risks and cyber-physical threats to corporate enterprises. The product, Dataminr Pulse for Cyber Risk, offers a cross-functional product suite that enables chief information security officers and their teams to maintain a common operating picture for faster and more effective responses to cross-domain threats.

ReGenAI will be available in an initial release to Dataminr Pulse customers on April 30 and will integrate events of global significance and broad global scope. In future releases of the product, Dataminr plans to deploy ReGenAI on a wider scale, integrating richer event context, customer-tailored impact assessments and recommended customer actions.

Dataminr is a venture capital-backed startup that has raised $1.05 billion over nine round, according to Tracxn. Investors include MSD Capital LP, Valor Equity Partners LP, Eldridge Industries LLC, Reinvent Capital LLC, The Pritzker Organization LLC, DNS Capital LLC, ArrowMark Partners, Institutional Venture Partners, Lurra Capital LLC and Moore Capital Management LP.

Image: Dataminr