AI21 CEO Ori Goshen criticizes Transformer models as unsuitable for AI agents. They are too expensive and inefficient, Goshen told VentureBeat in an interview. Alternatives like Mamba and Jamba offer faster inference times and longer context. This makes them more suitable for agents that need to access multiple models. Goshen attributes the lack of reliability …
Walmart is developing its own large language model called Wallaby, tailored specifically for retail applications. Trained on extensive data from Walmart, Wallaby aims to enhance customer service by responding in a natural tone, Emilia David reports for VentureBeat. Currently in heavy internal testing, Walmart plans to leverage Wallaby within a year, particularly for consumer-facing applications. …
Braintrust, a startup specializing in evaluating AI products, has secured $36 million in Series A funding. The company, founded by Ankur Goyal, helps businesses improve the accuracy of their AI tools. According to Forbes contributor Alex Konrad, Braintrust already boasts clients such as Airtable, Brex, Instacart, and Stripe. Braintrust’s software evaluates and monitors the performance …
Anthropic has launched a new, more affordable batch processing API for businesses. According to a VentureBeat report by Michael Nuñez, the new Message Batches API allows companies to process up to 10,000 queries asynchronously within a 24-hour window, at half the cost of standard API calls. Both input and output tokens are 50% cheaper compared …
Voyage AI is developing improved embedding models for more precise AI applications in enterprises. The startup has secured $20 million in funding and is now collaborating with Snowflake to enhance its Cortex AI service. Voyage AI’s multilingual embedding models support 27 languages and aim to significantly improve the quality of Retrieval Augmented Generation (RAG) systems. …
Vera AI has launched a new platform called “AI Gateway” to help companies deploy artificial intelligence safely and efficiently, reports Michael Nuñez for VentureBeat. The platform offers customizable safeguards and model routing capabilities. “We’ve focused ourselves squarely on the last mile problems, which (…) are actually quite hard,” explains Liz O’Sullivan, CEO and co-founder of …
Accenture is forming a Nvidia business group with 30,000 professionals to help enterprises adopt AI, reports Dean Takahashi. The goal is to train Accenture’s team to advise clients on process optimization and scaling AI solutions. Lan Guan, Chief AI Officer at Accenture, emphasizes the growing demand for generative AI. This new group expands the existing …
Mostly AI has introduced a new feature for generating synthetic texts. The tool allows companies to use confidential data such as emails and conversations for AI training without privacy concerns. As reported by Shubham Sharma, the platform generates a version of proprietary information free from personally identifiable data. This enables businesses to train and optimize …
Startup Artisan has raised $11.5 million in seed funding to develop AI-powered “employees” for sales teams. The company offers an AI assistant named Ava that automates tasks such as lead research and personalized email creation. CEO Jaspar Carmichael-Jack told VentureBeat that Artisan has already secured over 120 customers and reached $1 million in annual revenue. …
Artificial intelligence could revolutionize the world of work in much the same way that the first computers did, writes Ben Thompson in his blog Stratechery. He compares the current situation to the introduction of mainframe computers in the 1960s, which replaced many accountants and clerks. He argues that in the long run, AI systems such …