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Top related persons:
OpenAI’s - 1 ChatGPT - 1 ” - 1 Brandon Duderstadt - 1 Coatue - 1 Nomic - 1 Andriy Mulyar - 1 GPT - 1
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upstarts York New York
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Google - 2 Microsoft - 1 Betaworks Ventures - 1 Thomson - 1

Search resuls for: "Nomic"


2 mentions found


☆ ‘Not for Machines to Harvest’: Data Revolts Break Out Against A.I.
  + stars: | 2023-07-15 | by ( Sheera Frenkel | Stuart A. Thompson | More About Sheera Frenkel | ) www.nytimes.com   time to read: +1 min
That has set off a hunt by tech companies for even more data to feed their A.I. But it was not well understood or seen as especially problematic by the companies that owned the data. “What’s happening here is a fundamental realignment of the value of data,” said Brandon Duderstadt, the founder and chief executive of Nomic, an A.I. “Previously, the thought was that you got value from data by making it open to everyone and running ads. But as the era of easy-to-scrape content comes to a close, smaller A.I.
Persons: OpenAI’s, ChatGPT, ”, Brandon Duderstadt Organizations: Google, Microsoft Locations: upstarts
☆ Open-source AI model creator Nomic raises $17 million led by Coatue
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +2 min
July 13 (Reuters) - AI startup Nomic has raised $17 million in a new funding round from investors led by Coatue, the companies told Reuters. The investment valued New York-based Nomic AI, a team of four at the time, at $100 million, showing continued interest from VCs to bet on small teams building popular AI products. Founded in 2022, Nomic has released two products to date, including an open-source AI model, GPT4ALL, which is free to download and could run on devices such as a laptop. Nomic said its goal is to boost the visibility of datasets in model training, and democratize access to AI models. Coatue has made a series investment in open-source AI startups, including Stability AI, Hugging Face and Replit.
Persons: Coatue, Nomic, Andriy Mulyar, GPT, Viswanath, Krystal Hu, Lincoln Organizations: Reuters, Betaworks Ventures, Google, Thomson Locations: York, New York
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