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” - 2 “ - 2 Alphabet's - 2 Yuri Milner's - 2 Christian Kleinerman - 2 Databricks - 2 Dani Yogatama - 2 Yogatama - 2
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Toronto Reka French Paris California OpenAI — Snowflake
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Radical Ventures - 4 Nvidia - 3 Microsoft - 2 Thomson - 2 London CNN - 1 Lightspeed Venture Partners - 1 CNN - 1 Mistral - 1

Search resuls for: "Radical Ventures"


6 mentions found


☆ AI investment is booming. How much is hype?
  + stars: | 2023-07-23 | by ( Anna Cooban | ) edition.cnn.com   time to read: +7 min
The investment into Mistral AI is just one of many this year by venture capitalists jostling for a seat aboard the AI rocketship. In the first six months of 2023, they plowed $15.2 billion into generative AI companies globally, according to Pitchbook data. The bulk of this sum comes from Microsoft (MSFT)’s $10 billion investment, announced in January, in OpenAI, the developer of popular generative AI chatbot ChatGPT. But even excluding Microsoft’s bumper deal, the value of VC investments in generative AI was up by almost 58% compared with the same period in 2022. “Buying a ‘dot-ai’ domain, and claiming to be an AI company… doesn’t really make you an AI company,” Jacobs told CNN.
Persons: Antoine Moyroud, wasn’t, ”, Arthur Mensch, Nathan Laine, hasn’t, ” Mostaque, jostling, Moyroud, ’, ’ “, “, ” Moyroud, It’s, Jaap Arriens, Goldman Sachs, Stocks, Mike Reynolds, Reynolds, —, “ It’s, ” Reynolds, ” Jordan Jacobs, … doesn’t, ” Jacobs Organizations: London CNN, Lightspeed Venture Partners, CNN, Mistral, Viva Tech, Bloomberg, Getty, Stability, Microsoft, Meta, Nvidia, Nasdaq, Cisco, Radical Ventures Locations: French, Paris, California, OpenAI, —, Toronto
☆ In the Age of A.I., Tech’s Little Guys Need Big Friends
  + stars: | 2023-07-05 | by ( Cade Metz | ) www.nytimes.com   time to read: +1 min
From Hewlett-Packard to Google, the tales of bootstrapped companies that have turned into giants has inspired generations of entrepreneurs. In 2019, Aiden Gomez and Nick Frosst left Google to create an A.I. Several months later, they went back to Google and asked if it would sell them the enormous computing power they would need to build their own A.I. The big companies like Google, Microsoft and Amazon, he added, are controlling the chips. “They’re controlling the computing power,” he said.
Persons: Google Bard, Aiden Gomez, Nick Frosst, Sundar Pichai, ”, David Katz, Cohere’s, They’re, “ Organizations: Hewlett, Packard, Google, today’s, Radical Ventures, Microsoft Locations: Toronto
☆ AI model startup Reka raises $50 mln led by DST Global Partners
  + stars: | 2023-06-27 | by ( Krystal Hu | Thomson Reuters | Krystal Reports On Venture Capital | ) www.reuters.com   time to read: +2 min
June 27 (Reuters) - Reka, an AI model startup founded by former researchers from Alphabet's DeepMind (GOOGL.O), has raised $50 million in a fresh round of funding from investors including Yuri Milner's DST Global Partners and Snowflake (SNOW.N), the companies told Reuters. Reka focuses on building large and specialized AI models for enterprise customers. Snowflake, which invested in the company, also announced a partnership to allow users to run third-party model providers like Reka within their Snowflake account. The partnerships came as Snowflake competitor Databricks acquired AI model training company MosacicML in a $1.3 billion deal on Monday. Yogatama said Reka has built both large models and proprietary model distillation technology to personalize models for specific use cases.
Persons: Alphabet's, Yuri Milner's, Christian Kleinerman, Databricks, Dani Yogatama, Yogatama, Rob Toews, Krystal Hu, Mark Potter, Anna Driver Organizations: Global Partners, Reuters, Nvidia, Radical Ventures, Thomson Locations: Snowflake, Reka, Toronto
☆ AI model startup Reka raises $50 mln led by DST Global
  + stars: | 2023-06-27 | by ( Krystal Hu | Thomson Reuters | Krystal Reports On Venture Capital | ) www.reuters.com   time to read: +2 min
June 27 (Reuters) - Reka, an AI model startup founded by former researchers from Alphabet's DeepMind (GOOGL.O), has raised $50 million in a fresh round of funding from investors including Yuri Milner's DST Global and Snowflake (SNOW.N), the companies told Reuters. Reka focuses on building large and specialized AI models for enterprise customers. Snowflake, which invested in the company, also announced a partnership to allow users to run third-party model providers like Reka within their Snowflake account. The partnerships came as Snowflake competitor Databricks acquired AI model training company MosacicML in a $1.3 billion deal on Monday. Yogatama said Reka differentiated by building both large models and proprietary model distillation technology to downsize models for specific use cases.
Persons: Alphabet's, Yuri Milner's, Christian Kleinerman, Databricks, Dani Yogatama, Yogatama, Rob Toews, Krystal Hu, Mark Potter Organizations: Yuri Milner's DST, Reuters, Nvidia, Radical Ventures, Thomson Locations: Reka, Toronto
☆ Venture capitalists race to land next AI deal on Big Tech's turf
  + stars: | 2023-03-24 | by ( Krystal Hu Jeffrey Dastin | Krystal Hu | Jeffrey Dastin | ) www.reuters.com   time to read: +6 min
“VCs think this is the new internet,” a generative AI founder in the United States told Reuters. While the closure of Silicon Valley Bank may hamper debt financing, venture capitalists said interest in funding AI startups remains high, especially for top early-stage founders. Investors sense opportunity, even for a sale if not an initial public offering; some are betting that AI startups might outpace bigger rivals, encumbered by their size. You.com, a search engine company founded in 2020 and backed by Salesforce’s CEO Marc Benioff, has found new life from incorporating generative AI technology. It has attracted more attention from users and investors, handling millions of searches per day, the company told Reuters.
☆ This startup helps Fortune 500 companies build computer vision AI models. Check out the 44-slide animated pitch deck V7 used to raise a $33 million Series A.
  + stars: | 2022-11-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +3 min
The startup allows machine learning teams to build computer vision AI models. Computer vision models extract information from visual data sources, such as images and videos, to help computers and machines to better interpret these visual inputs. Many computer vision models are powered by machine learning technology, but this process can be time-consuming to engineer. This helps companies to develop AI models much faster and cuts down on the time needed to manage machine learning data, according to V7. V7 labels data automatically, so that teams do not have to annotate the data from scratch.
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