One of the big selling points for MosaicML was its infrastructure that allows enables companies to train complex models without any major hiccups. It launched its model MPT-30B with the same infrastructure and chief scientist @jefrankle said faced it saw no issues in training.
STARTUPS
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MosaicML Acquisition: $400M Valuation and VC Returns
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MosaicML, from what I understand, was looking to raise at a $400M valuation earlier this year. That led into conversations w/ DB and its acquisition. It's also an enormous outcome for its investors: Lux, Maverick, Future, Playground Global, and others.
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Databricks Acquires MosaicML to Lower ML Model Development Costs
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Databricks, meanwhile, wants to build tools to enable companies to build machine learning models from scratch and serve them. That end-to-end is reinforced by its acquisition of MosaicML, which aimed to bring down the cost of building custom ML models from scratch for companies.
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Snowflake and Databricks Intensify Rivalry with Major Moves
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Snowflake and Databricks' rivalry is entering a new chapter as they both made substantial announcements this week: Snowflake with a series of product announcements, and Databricks with its $1.3 billion acquisition of MosaicML.
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Massive Investment Wave in Foundation Model Companies
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The rate at which investors are ripping checks into money hoovering foundation model companies is making James Dyson envious.
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Inflection AI Advances Pi Personal AI Assistant with Expanded Team
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Very proud of our team of 35 at @inflectionai
. This is another big step forward in our efforts to give everyone the power of Pi, your personal AI. http://
Pi.ai -
Reka Secures $58M Funding for Generative AI Models
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Launch announcement: https://
reka.ai/announcing-our
-58m-funding-to-build-generative-models-and-advance-ai-research/
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Reka AI Launches with $58M to Build Generative Models
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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
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Japanese Startup Develops Air-Levitating Earthquake-Resistant Houses
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By levitating on a cushion of air, these Japanese houses can resist any earthquake An innovative concept by Japanese startup Air Danshin Systems Inc #innovation #engineering #techforgood
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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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