Creatd, Inc. Uses OpenAI Tools to Enhance Moderation, Curation, and Content Generation on its Flagship Product Vocal.

Rhea-AI Summary

Creatd, Inc. (OTCQB: CRTD) has integrated OpenAI's APIs into its operations following a 90-day R&D phase. This advancement aims to enhance moderation, curation, and content generation on its Vocal platform, which supports nearly 2 million creators. The company's strategy focuses on automating processes to improve cash flow and reduce overhead costs. Future updates will provide creators with direct access to AI tools for content generation, including text-to-speech audio stories. CEO Jeremy Frommer highlighted that this investment accelerates the company's path to achieving positive EBITDA.

Positive

• Integration of OpenAI's APIs enhances operational efficiency.
• Supports nearly 2 million creators on the Vocal platform.
• Automating processes expected to accelerate cash flow break-even.
• Future releases will include AI-assisted content generation features.

Negative

• None.

• OpenAI expected to accelerate the Company's cash flow break even plans.
• Strategy includes automating methods for moderation, curation, and content creation.
• Future updates give the creator direct access to OpenAI tools for content creation.

NEW YORK, Feb. 13, 2023 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD) ("Creatd" or the "Company"), a creator-first technology company, announced that it has completed a ninety day R&D phase; including real time integration of OpenAI's API's, to enhance our human led curation capabilities. It will now move from an R&D stage to part of our core business operations, both creating efficiencies and reducing overhead.

Vocal has nearly 2 million creators that consider Vocal a home base to post and monetize their content. The company plans to introduce AI assisted content generation including text and rich media to its 2 million creators later this year. The company continues to invest in its technology and expects future releases to include  text to speech audio stories and harness the strength of natural language processing. 

Jeremy Frommer, Creatd's founder and CEO, commented, "This investment in Vocal's underlying framework allows users to access creative tools to provide their readers with a more curated experience. Equally important is that it accelerates our company's path to positive EBITDA."

About Creatd

Creatd, Inc. (OTCQB: CRTD) is a company with a mission to provide economic opportunities to creators and brands by multiplying the impact of platforms, people, and technology. Creatd's pillars work together to create a flywheel effect, supporting our core vision of creating a viable and safe ecosystem for all stakeholders in the creator economy.

Creatd: https://creatd.com;

Creatd IR: https://investors.creatd.com;

Vocal Platform: https://vocal.media;

Investor Relations Contact: ir@creatd.com 

 

Forward-Looking Statements

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SOURCE Creatd, Inc.

FAQ

What is the significance of Creatd's integration with OpenAI APIs?

The integration is expected to enhance moderation, curation, and content generation on Creatd's Vocal platform.

How many creators use Creatd's Vocal platform?

Nearly 2 million creators use the Vocal platform as their content posting and monetization base.

What are the future plans for Creatd regarding AI tools?

Creatd plans to introduce AI-assisted content generation, including text-to-speech stories for creators later this year.

What does achieving positive EBITDA mean for Creatd?

Achieving positive EBITDA indicates Creatd's operational profitability, which is accelerated by integrating AI tools.

When was the press release regarding Creatd's AI integration published?

The press release was published on February 13, 2023.