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- 8/25/23
8/25/23
Alpha & Q
August 25, 2023
∆ Tech in the News
Paralyzed Woman Talks for the First Time in 18 Years - Brain electrode implants and AI technology have helped a paralyzed woman to speak through an on-screen avatar.
Nvidia Beats on Earnings Up 843% YOY - The AI chip leader outdid expectations with revenue of $6B for Q2 2024 driven by demand for its AI chips. Q3 projections are even higher at $16B.
Release of Meta's Code Llama - The code-writing tool built on top of the Llama 2 LLM is now live in an effort to compete with services like Microsoft’s GitHub Copilot and Amazon's CodeWhisperer.
Walmart/Wing to Expand Drone Delivery - Walmart partners with the Alphabet subsidiary to introduce Wing drone deliveries to select Superstores later.
[POLL] Would you augment your body to become "Super"? |
News Bytes
˚The hottest thing in tech this week
Business Tap into ChatGPT's Interface with Fine-Tuning Release
OpenAI announced GPT-3.5 Turbo + fine tuning and has partnered with Scale to empower more companies to create custom state-of-the-art models for their specific business needs. In context with this month’s acquisition of product design firm Global Illumination to work on their core products, it seems that Open AI have big plans to offer richer digital experiences for users.
Fine Tuning Price Tag:
It comes with a digestible cost structure: $0.008 for training, $0.012 for input, and $0.016 per 1K tokens for output.
Real-World Application:
Brex has optimized its finance workflow by generating high-quality expense memos, all thanks to fine-tuning. Imagine what it can do for you.
How SMBs Can Get on Board:
Prep your data
Upload it
Fine-tune your model
Use it to revolutionize your business operations
Scale extends our ability to bring the power of fine-tuning to more companies, building on their enterprise AI experience.
Deals We’re Watching
Founders to Watch and Opportunities to Catch
Closed Deals:
Cellares $255M Series C - Koch Disruptive and BMS backed Cellares aims to improve efficiency and scalability of cell therapy manufacturing by 10x over conventional facilities through automation.
Ikigai Lands $25M to Automate Data Science - GenAI for tabular data which generates synthetic data for training ML models to improve accuracy and efficiency.
Boost for AI Gun Detection - ZeroEyes secured $23M for DHS-approved ‘intelligent situational awareness’ video analytics platform. Currently deployed by hundreds of clients in thousands of spaces across 37 states.
AI Writing Tool Raises $2.75M - Lex.page helps writers get past roadblocks optimizing sentence structure, word choice, and more.
Cypago Nets $13M Funding to Automate Cybersecurity - A novel AI platform that offers data observability and benchmarking for security, compliance, and privacy.
Companies to Watch:
An LLM for Every Enterprise - HuggingFace is targeting mass adoption for AI builders after closing a huge series D led by Salesforce. Boosts over 10,000 enterprise customers, 500,000 AI models, and 250,000 data sets.