We’re coming out of stealth with $58M in funding to build generative models and advance AI research at @RekaAILabs Language models and their multimodal counterparts are already ubiquitous and massively impactful everywhere. That said, we are still at the beginning of this
INVESTMENT
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Bradley Rotter’s Maverick Approach to AI Investment
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THE MAVERICK INVESTOR: Bradley Rotter's Journey
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Strategic Investment Helps Enterprises Automate Repetitive Work Tasks
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With the aid of our strategic investment, @workscopeonline helps enterprises address the 60 billion work hours lost annually to repetitive tasks, as reported in the Alteryx-sponsored 2022 IDC InfoBrief. Read: https://
ow.ly/F8QL50OW3gw #EnterpriseGovernance #DigitalTransformation -
Stability AI Leadership Changes: Head of Research Resigns, Ren Ito Dismissed
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An update to this story: @EMostaque told me that while @hardmaru resigned, Ren Ito was let go.
“We are reconstituting leadership as we scale,” Mostaque said in a message sent late at night London time. Stability AI Head of Research Resigns From Startup https://
bloomberg.com/news/articles/
2023-06-26/stability-ai-head-of-research-resigns-from-startup
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Benner’s 1875 Analysis Predicts Market Cycles and Investment Opportunities
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Astoundingly accurate 1875 analysis by Samuel Benner highlights periods of panic and opportunities It forecasted the Great Depression, WW2, the dot-com bubble, and the COVID. We are currently in a downturn, hinting at a potential asset buying opportunity soon #future
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MongoDB CTO: Distributed Systems Achievement Drives Company Growth
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Please enjoy my interview with MongoDB CTO Mark Porter MongoDB CTO: ‘The sky’s the limit for this company’ MongoDB solved distributed systems, and that has made all the difference. https://
thetechnologyletter.com/the-posts/mong
odb-cto-the-skys-the-limit-for-this-company
… $MDB $SNOW $ORCL $AMZN $MSFT $GOOGL $BASE @MongoDB #database -
Microsoft’s $500B Revenue Goal by 2030
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Microsoft's goals by FY2030, as specified by Satya in a 2022 memo to board members and top executives: Annual revenue: $500 billion
Revenue growth per year: 10% or more
Shareholder returns per year: higher than 10% -
Databricks acquires MosaicML for AI model development
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@databricks
will combine its AI-ready data-management tech with
@MosaicML
‘s language-model platform, enabling businesses to build low-cost models themselves with proprietary data.
@angusloten
@bellelin_
#CIO #AI https://
wsj.com/articles/datab
ricks-strikes-1-3-billion-deal-for-generative-ai-startup-mosaicml-fdcefc06
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Stability AI VP of Product Christian Cantrell Departs to Start Company
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these are just two recent high-profile departures from the image-generation startup; Christian Cantrell (aka @cantrell
) , stability AI's VP of product, told me that he left at the end of march to start his own company. -
Stability AI’s Head of Research and COO Resign This Month
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a scoop from me: @StabilityAI
's head of research, David Ha (better known on twitter as @hardmaru
) resigned this month, as did its COO, Ren Ito.