The AI boom is often associated with the lightning-fast rise of foundational model companies like OpenAI. Once more, NVIDIA reminds us that hardware is also important, as its groundbreaking financial growth shines its light upon other AI hardware-related stocks.
OpenPipe secured $6.7 million, in a seed funding round led by Costanoa Ventures and featuring the participation of Y Combinator and a selection of investors, to enable developers and enterprises to substitute their GPT-4 prompts with fine-tuned models and to build their custom data flywheel.
The 2024 MAD Landscape opens with a chart neatly organizing 2,011 active AI companies. The consequent discussion is equally informative and amusing, with this piece aiming to provide a not-too-brief overview.
Activeloop, the AI data infrastructure company behind Deep Lake, celebrates its $11M Series A with an illuminating reflection on AI data's past, present, and future. Where the present struggles are caused by a data stack from the past, Deep Lake emerges as a promising future for the AI data stack.
Upcoming Grok-1.5 early preview; MIT starts working group on Gen AI and the Work of the Future; Microsoft announces security and trustworthiness-boosting tools in Azure; Amazon concluded its $4B investment in Anthropic; NVIDIA crushed MLPerf's newest inferencing tests; and more.
The Unified Acceleration (UXL) Foundation has brought together a team of industry-leading organizations to develop the largest open ecosystem for accelerated computing based on Intel's OneAPI. This platform would allow, among other things, the migration out of NVIDIA's CUDA software platform.
Adaptive ML is tackling the hurdles that keep enterprises and individuals from interacting with highly customized and user-personalized generative AI experiences. To this end, the company has secured $20M in seed funding to accelerate the development of its enterprise platform, Adaptive Engine.
Andreessen Horowitz Growth team partners Sarah Wang and Shangda Xu interviewed several enterprise leaders and surveyed 70 more to learn more about the attitudes toward AI adoption and spending. They have published their findings in a compelling report, which we distilled into this piece.
A brief recap of NVIDIA's GTC 2024; Inflection AI and Stability AI lost essential team members ; Stability AI launched SV3D and introduced Image Services on its Developer Platform; Runway announced strategic partnerships; Google was charged with a $270M fine by France's Autorité de la Concurrence
Pienso, a startup founded by MIT Media Lab alum Birago Jones and Karthik Dinakar, announced that it secured $10 million in a Series A round led by new investor Latimer Ventures. Pienso offers a no-code platform that enables non-technical users to annotate large volumes of data to train algorithms.
Anthropic officially launched Claude 3 Haiku on the claude.ai platform, the Claude API, and Amazon Bedrock, with upcoming Google Cloud Vertex AI availability. The vision-enabled model is fast, affordable, and is particularly adept at math reasoning and coding.
Following Elon Musk's latest dispute with OpenAI, lawsuit included, xAI has followed through with the promise of delivering an open release of Grok-1. The weights and architecture have been released under an Apache 2.0 license, and the inference code is available on xAI's GitHub.