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☆ Meta made its Llama 2 AI model open-source because 'Zuck has balls,' a former top Facebook engineer says
▼ + stars: | 2023-10-13 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

Meta released Llama 2 as a mostly open-source AI model in July. Replit CEO Amjad Masad said Mark Zuckerberg took a big risk making the model open-source. AdvertisementAdvertisementSince Meta released Llama 2 as a (mostly) open-source project in July, the AI model has become a huge hit. The AI community has embraced the opportunity, giving Meta CEO Mark Zuckerberg his next potentially huge platform. There's the latest Falcon open-source AI model.

Persons: Meta, Amjad Masad, Mark Zuckerberg, —, Zuckerberg, Eric Newcomer, Clem Delangue, Eric Newcomer Masad, Masad, he's, Zuck, didn't Organizations: Service, Google, Facebook, Meta, United Arab Emirates

☆ Consumers are still spending on nice things, if they’re on trend
▼ + stars: | 2023-09-25 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +8 min

But they’re also rewarding the stores that are betting big on the right trends at the right time, for the right price. Mejuri: The Toronto-based jewelry retailer has intentionally positioned itself as a go-to destination for Millennials and GenZers for affordable fine jewelry. “When we founded the business, we wanted to redefine luxury and bring it a new experience within the fine jewelry industry,” said Masad. We just wanted to make fine jewelry part of everyday wear. We saw no reason for why there should be a barrier between fine jewelry and our customer.”He said Mejuri hasn’t wavered from that goal.

Persons: aren’t, they’re, ”, Jharonne Martis, —, Neil Saunders, Marshal Cohen, ” Abercrombie, Andrew Kelly, Saunders, Abercrombie, Fran Horowitz, Lulu, Circana’s Cohen, Noura Sakkijha, Majed Masad, Zach Hilty, Mejuri hasn’t, “ There’s, It’s, TJ, TJ Maxx, TJ Maxx's, David L, Ryan, Aaron Sorensen Organizations: New, New York CNN, Abercrombie, Fitch, “, CNN Business, TJ Maxx, TJ, Boston Globe, Lotis, Consulting Locations: New York, Toronto

☆ Cerebral Valley, the AI conference that spawned a $1.3 billion deal, is coming back to San Francisco this year
▼ + stars: | 2023-09-19 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Cerebral Valley, an AI conference run by Eric Newcomer's eponymous publication, just announced its second gathering of 2023. CVAI2 (Cerebral Valley AI Summit version 2.0) will take place on November 15 at the SFJAZZ Center in Hayes Valley, San Francisco. The neighborhood is nicknamed Cerebral Valley these days, due to the plethora of AI startups that have sprouted there. Ali Ghodsi, CEO of Databricks, and Naveen Rao, CEO of MosaicML, met for the first time at the initial Cerebral Valley AI Summit. That's the biggest generative AI startup deal so far, by my counting.

Persons: Vinod Khosla, Reid Hoffman, Adam D'Angelo, Eric Newcomer's, Mustafa Suleyman, Ali Ghodsi, Kanjun Qiu, Chris Lattner, May Habib, Naveen Rao, Jason Warner, Max Child, James Wilsterman, Amjad Masad, Clem Delangue, Emad, Daniela Amodei, Cristobal Valenzuela, Shane Orlick, MosaicML, it's Organizations: SFJAZZ, Service, Industry Locations: Hayes Valley, San Francisco, Wall, Silicon, Jasper

☆ Meta opens AI model to commercial use, throwing nascent market into flux
▼ + stars: | 2023-07-18 | by ( Katie Paul | ) www.reuters.com time to read: +4 min

"Any incremental improvement in open-source models is eating into the market share of closed-source models because you can run them cheaply and have less dependency," said Masad. The announcement follows plans by Microsoft's largest cloud rivals, Alphabet's (GOOGL.O) Google and Amazon (AMZN.O), to give business customers a range of AI models from which to choose. Amazon, for instance, is marketing access to Claude - AI from the high-profile startup Anthropic - in addition to its own family of Titan models. Google, likewise, has said it plans to make Claude and other models available to its cloud customers. Until now, Microsoft has focused on making technology available from OpenAI in Azure.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Bard chatbot, Amjad Masad, Claude, Katie Paul, Jeffrey Dastin, Krystal Hu, Kenneth Li Organizations: YORK, OpenAI, Google, Microsoft, Meta, Amazon Web Services, Thomson

☆ Vector database Chroma scored $18 million in seed funding at a $75 million valuation. Here's why its technology is key to helping generative AI startups.
▼ + stars: | 2023-04-06 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +4 min

Chroma helps manage vector embeddings, or numerical representations of data AI models can process. The startup raised $18 million in seed funding at a $75 million valuation led by Quiet Capital. The company recently closed a $18 million seed round led by Quiet Capital at a $75 million valuation. Originally, Chroma's tech aimed to serve machine learning engineers who were training and deploying AI models. Because this limits the model's context window, this approach tends to prevent hallucinations, or confident but incorrect responses from AI, Troynikov told Insider.

☆ Inside the self-proclaimed first generative AI conference, executives explain why the hot new technology behind ChatGPT is 'not just hype, but something real'
▼ + stars: | 2023-02-18 | by ( Thomas Maxwell | ) www.businessinsider.com time to read: +7 min

AI startup Jasper hosted what it claims was the first conference dedicated to generative AI. The mood was reminiscent of the hype around crypto, but attendees say generative AI is here to stay. Thomas Maxwell/InsiderInsiders say generative AI is not just a fadGenerative AI has already run into some road bumps. Anthropic's Amodei said that consumers, businesses, and developers alike are moving at "record speeds" to adopt generative AI. Thomas Maxwell/InsiderWhat's different with generative AI is that large language models have been quietly in development for some time, , executives said.

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