Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Mike Volpi"


2 mentions found


This week, the 28-year-old venture capital firm debuted a new pair of funds totaling $2.3 billion, a substantial sum during an abysmal time for the industry's fundraising efforts. The European-born firm is structured in a way that investors across continents invest out of the same funds. The new funds include $800 million to invest at the early stage and $1.5 billion to invest in growth. Those figures are slightly down from the firm's last fundraise, when it collected $900 million for an early-stage fund and $2 billion for a growth fund. That year, Index saw seven portfolio companies go public at a market cap of more than $1 billion, including Roblox and Robinhood.
Persons: , Nina Achadjian, Sofia Dolfe, Ishani Thakur, Vlad Loktev, Erin Price, Wright, Andreessen, Mark Goldberg, He's, Ethan Kurzweil, Kristina Shen, Mike Volpi, Greycroft Organizations: Service, Ventures, Business, San, Labs, Bessemer Venture Partners, Menlo Ventures Locations: San, West Coast, San Francisco, Index's London, New York, London, Europe
George Mathew, an AI investor at Insight Partners, compared the AI foundation models to other technological breakthroughs which spawned competition. As the infrastructural layer of AI applications, foundation models have attracted the most investment from venture capitalists and strategic investors. Writing assistant Jasper.ai began with OpenAI's models, but does not want to rely on a single model, CEO Dave Rogenmoser told Reuters. For example, it uses OpenAI’s model to generate long articles, and Cohere to auto-complete sentences at faster speed and lower cost. Fergal Reid, Intercom's director of machine learning, conceded that OpenAI's GPT-4 is "very expensive."
Total: 2