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News on Medial
Modular secures $100M to build tools to optimize and create AI models
TechCrunch
·
2y ago
Medial
Modular, a startup focused on simplifying AI systems development and optimization, has raised $100 million in funding led by General Catalyst, with participation from GV (Google Ventures), SV Angel, Greylock, and Factory. The funding will support product expansion, hardware support, and the growth of Modular's programming language, Mojo. Modular aims to reduce the complexity of building and maintaining large-scale AI systems. Their engine enhances AI model inferencing performance on CPUs and GPUs while delivering cost savings. The funding will also aid in addressing the growing demand for AI technologies and help scale the team.
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Large AI models can now create smaller AI tools without humans and train them like a 'big brother,' scientists say
Business Insider
·
1y ago
Medial
Researchers from MIT, University of California campuses, and AI technology company Aizip claim that large AI models can now autonomously create smaller AI tools without human assistance. These smaller models, which can be generated by more advanced AI models like the one used by ChatGPT, have the potential to greatly impact our daily lives. The team views this as the first step towards self-evolving AI and believes that in the future, large and small AI models will collaborate to build a complete intelligence ecosystem.
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How GenAI is Rewriting Business Strategies Across Sectors
Inc42
·
10m ago
Medial
- AI usage in India began in the early 2000s and has become more prevalent due to big data analytics and AR-VR applications. - GenAI tools, such as OpenAI's ChatGPT, have significantly enhanced human-like creativity and conversational power. - Data analysis gathered from AI interactions helps improve the engagement between care coordinators and patients. - Customized AI models built on specific data provide higher accuracy compared to generic models. - The market is now flooded with GenAI tools that offer enterprise-level solutions to maximize efficiency and optimize costs.
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Hugging Face and Google partner for open AI collaboration
Medial
·
1y ago
Medial
Hugging Face has announced a strategic partnership with Google Cloud to democratize machine learning and facilitate access to the latest open models and tools. The collaboration will focus on open science, open source, and Google Cloud services, allowing users to build their AI models using Hugging Face's open-source libraries and Google Cloud's hardware features. Additionally, Google Cloud customers will have enhanced experiences through easy deployment of Hugging Face models on the platform. The collaboration aims to make AI research more accessible and enable developers to build their own AI models effectively.
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Generative AI startup Ayna secures $1.5 Mn in seed round
Entrackr
·
1y ago
Medial
Bengauru-based generative AI startup Ayna has raised $1.5 million in seed funding led by early stage investment platform Inflexor Ventures. The funding will be used to expand Ayna’s AI capabilities, scale its team, and accelerate its mission to make high-quality product photography accessible to businesses of all sizes, the company said in a press release. Co-founded by Aastha Rajpal and Yash Bansal, Ayna empowers brands like Reliance Retail’s Clovia, Wakefit, WomanLikeU, and others to create studio-quality product photoshoots at scale, without the need for physical photoshoots. Unlike traditional methods or basic AI solutions, Ayna’s proprietary compound foundational models (CFMs) give brands granular control over every detail of their product image. According to Ayna, its generative AI eliminates costly overhead, lengthy turnaround times, and creative limitations, allowing brands to optimize product visuals for maximum conversion. In the past six months, Generative AI startups have managed to mope up nearly $100 million. The list includes Sarvam AI, Ema, Neysa, Vodex, and KonProz, among others.
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Italian startup iGenius and Nvidia to build major AI system
Economic Times
·
8m ago
Medial
Italian startup iGenius is partnering with Nvidia to create one of the largest deployments of Nvidia's newest servers. iGenius plans to build a data center in southern Italy to house around 80 of Nvidia's GB200 NVL72 servers, each equipped with 72 of the company's Blackwell chips. Known as "Colosseum," the AI computing system will utilize Nvidia's software tools and allow for the development and distribution of AI models to businesses that use Nvidia chips. iGenius has raised 650 million euros this year and is continuing to seek additional funding for the project.
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AI software firm Thesys raises $4 million from Together Fund
Economic Times
·
9m ago
Medial
AI software platform Thesys has raised $4 million in seed funding led by Together Fund. The company plans to use the funds to enhance its research and development efforts, AI engineering capabilities and go-to-market initiatives. Thesys simplifies the process of creating AI agents, providing tools for designing, visualizing, and prototyping AI applications. It is currently collaborating with 12 companies and aims to create AI tools to help companies optimize customer retention and engagement. Thesys envisions a future where interfaces adapt to individual user behavior and preferences. After its closed beta launch, Thesys plans to make its product generally available within the next quarter.
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Apple reportedly plans to let developers build on top of its AI | TechCrunch
TechCrunch
·
3m ago
Medial
Apple is reportedly planning to introduce new AI products and frameworks at its upcoming Worldwide Developers Conference (WWDC) in June. These tools will enable third-party developers to build applications using Apple’s AI models, aiming to increase engagement and compete with rivals in the AI sector. The company plans to initially offer access to its smaller models. Additionally, updates to iPhone, iPad, and Mac operating systems, along with new device-specific capabilities, are anticipated.
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LastMile AI closes $10M seed round to 'operationalize' AI models
TechCrunch
·
1y ago
Medial
LastMile AI, a platform that helps software engineers integrate generative AI models into their apps, has raised $10 million in a seed funding round led by Gradient, Google's AI-focused venture fund. The funds will be used to expand the startup's team and enhance its products and services. LastMile aims to democratize generative AI by simplifying workflows and reducing the need for deep technical expertise. The platform allows developers to create AI-powered apps and workflows, experiment with different models, and chain together different models to build complex workflows.
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How MathCo Is Helping Fortune 500 Companies With Data-Driven Decision-Making
Inc42
·
1y ago
Medial
MathCo is an enterprise AI and analytics startup that offers AI-powered solutions to global enterprises to optimize their supply chain. Founded in 2016, the company helps Fortune 500 companies make data-driven decisions by providing tailored solutions to address their unique challenges. MathCo's proprietary platform, NucliOS, is used to build custom products and tools that enhance data-backed decision making. The company aims to solidify its position as a leader in data analytics, expand its market reach, and explore growth opportunities through strategic partnerships and acquisitions.
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Generative AI faces major test as Indonesia holds largest election since boom
Economic Times
·
1y ago
Medial
The article discusses the use of generative AI technology in Indonesia's presidential election campaign. One candidate, Prabowo Subianto, has harnessed AI to create a cuddly cartoon version of himself, appealing to young voters. AI tools are being used to create campaign art, track social media sentiment, build chatbots, and target voters. While the use of AI in political campaigning is a new phenomenon in Indonesia, it raises concerns about potential misuse and manipulation. OpenAI, a major AI provider, is investigating the use of its technology in the election.
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