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☆ Amazon's Bedrock success prompts a surprising question: Do you need a top model to win in AI?
▼ + stars: | 2024-09-24 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Read previewSo far, the generative AI race has been about who can build the most powerful models. Almost two years later, there are so many powerful AI models out there, it's no longer that special. Advertisement'Important but not critical'AWS CEO Matt Garman appears to be fine not having a fancy, home-grown AI model. "It'll be important but not critical," Garman said when asked about the importance of offering a top-performing first-party AI model. AGI teamThis doesn't mean Amazon has given up on building its own powerful AI model.

Persons: —, Claude, Meta's, Matt Murphy, Anthropic, Murphy, ChatGPT, Patrick Neighorn, Amazon's, Andy Jassy, Matt Garman, Garman, Matt McIlwain, Brent Thill, Jefferies, Thill Organizations: Service, Google, Business, Microsoft, OpenAI, Gemini, Menlo Ventures, AWS, Intuit, Toyota, New York Stock Exchange, BI, Asia, Madrona Venture Group, Amazon Locations: Europe, Middle East, Africa, Asia Pacific, Japan, North America

It was the winter of 2021 when Philbert Shorty’s family found his abandoned car stuck in the mud outside the small community of Tsaile near the Arizona-New Mexico state line. Generations of unaddressed trauma combine with substance abuse to create a dangerous recipe that often ends in violence, and law enforcement resources and social support programs are too sparse to offer much help. Like others, Shorty's family now knows the suffering will linger despite the increased emphasis on solving such crimes. Her group has conducted dozens of individual searches, and she has helped to build bridges between families and law enforcement to help families avoid feeling like their cases are falling through cracks. “Even if (law enforcement) would just talk to the families, say, `We don’t have anything yet but we’re still working on it,' it would help," she said.

Persons: Philbert, Ben Shorty, “, ”, he’d, Shiloh Aaron Oldrock, Oldrock's, Oldrock, Donald Trump, Deb Haaland, Biden, New Mexico Alexander Uballez, Shorty, ” Uballez, Uballez, Department's, ” Ben Shorty, Philbert Shorty, That's, couldn't, Darlene Gomez, Beyale, ‘, Erwin Beach, Beach, ” Beyale, I've, They're, ___ Sonner, Susan Montoya Bryan Organizations: Interior Department, Attorney, District, U.S ., Navajo Nation, FBI, Associated Press, Navajo, ’, AP Locations: Tsaile, Arizona, New Mexico, Navajo, , North Dakota, Indian Country, United States, Canada, U.S, Albuquerque, Farmington , New Mexico, Oldrock, Beach, Reno , Nevada, Albuquerque , New Mexico

☆ OpenAI is on a path to 'true technological breakthrough' with AGI, says Bedrock's Geoff Lewis
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI is on a path to 'true technological breakthrough' with AGI, says Bedrock's Geoff LewisGeoff Lewis, Bedrock founder and managing partner, joins 'Squawk Box' to discuss investing in Elon Musk's new AI startup X.AI, the progress OpenAI has made over the years, the next stage of AI innovation, and more.

Persons: AGI, Geoff Lewis Geoff Lewis Organizations: Elon

For Drock, a lobbyist who lives in Washington, DC, and his wife, the road to a $1 million net worth by 35 was littered with trade-offs. Drock told Insider there are three lifestyle tradeoffs that have had an outsized impact on his and his wife's ability to build wealth. "When I first asked her to consider moving, she literally cried," Drock wrote in a blog post. It turned out to be a "key decision for our financial life," he said. Their combined income stands at $300,000 a year, "which still seems surreal to me," Drock wrote on his blog.

Persons: Drock, Drock's, Read, they've, we've Locations: Washington ,, Mint, Europe

☆ The US is home to only 7 offshore wind turbines. But one startup is betting on autonomous underwater vehicles to map the seafloor up to 10 times as fast as current methods.
▼ + stars: | 2022-10-24 | by ( Lily Katzman | ) www.businessinsider.com time to read: +7 min

Bedrock's seafloor-mapping technologies have the potential to spur offshore wind developments. In spring 2021, the Biden administration set a lofty goal of producing 30 gigawatts of offshore wind energy by 2030. Baldwin said Ørsted had a dedicated team of more than 100 people to interpret marine data for the company's offshore wind developments. Bedrock's goal is to make the seafloor process up to 10 times as fast as current methods, DiMare told Emerging Tech Brew. "I'm hoping that we get that seafloor map so that we can make wise decisions about where to put our resilience infrastructure, our wind farms," she said.

☆ Mega tech platforms tend to be the most profitable, says Bedrock's Geoff Lewis
▼ + stars: | 2022-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMega tech platforms tend to be the most profitable, says Bedrock's Geoff LewisGeoff Lewis, Bedrock Founder and Managing Partner, joins 'TechCheck' to discuss strategic investment in tech companies for an inflationary environment, the value trend in mega tech platforms, and mergers and acquisition activity of public names buying private companies.

A man with a $1 million net worth says his mom is his biggest financial influence. He learned about the cash-flow benefits and tax advantages of real-estate investing from her, and purchased his first rental property, a foreclosure, in 2009. In 2014, Drock and his wife bought a second rental property, another foreclosure, for $115,000. SmartAsset's free tool matches you with up to three fiduciary financial advisors in your area in minutes. SmartAsset's free tool matches you with up to three fiduciary financial advisors in your area in minutes.

Persons: Drock, he's, It's, Roth, doesn't, Get, I've Organizations: Service, Invest Locations: Wall, Silicon, Washington , DC

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