In the $2 trillion construction market, Adaptive is using AI to tackle payment delays and cash flow issues. Sounds like the future of construction, not just sketching on paper! 😂 #Construction #Finance #Adaptive Want your construction company to soar like a rocket? Adaptive's automated financial management platform is like your super booster!

Mira has secured $9M in seed funding led by BITKRAFT Ventures and Framework Ventures to make cutting-edge AI accessible for all.

Vectara just closed a $25M Series A round led by FPV Ventures and Race Capital, bringing their total funding to $53.5M. The new funds will advance Retrieval Augmented Generation (RAG) technology, especially for regulated industries like health, legal, finance, and manufacturing.

Phaidra, a Seattle startup using AI to manage industrial operations, just raised $12 million in a new round led by Index Ventures. Founded by former DeepMind employees, the company aims to boost data center energy efficiency with sensors and software analysis. Speaking of efficiency, electricity use for AI and data centers is expected to double from 2022 to 2026. Imagine your servers hitting the gym!

Sentient just raised $85 million to develop an open AI platform. Let’s hope this isn’t just to give our fridges self-awareness! 😂Sandeep Nailwal says centralized AI development is dangerous. Right? Who wants to be in the same room with an AI that only listens to a select few?

Google released Gemma 2, available in 9B and 27B parameter sizes, outperforming similar large models. It runs on a single NVIDIA H100 or TPU host, significantly reducing deployment costs. Gemma 2 is compatible with multiple AI frameworks and optimized for efficient performance. It aims to advance AI technology through more efficient and safer inference.

OpenAI introduced a method to use GPT-4 to identify and correct its own mistakes. Through a "reflection" mechanism, GPT-4 reassesses its generated answers in different contexts, enhancing accuracy and reliability. This approach not only improves model performance but also demonstrates AI's potential in self-improvement.

Hebbia announced it has raised nearly $100 million in a Series B round led by Andreessen Horowitz. The funds will be used to develop and expand its AI-powered document search platform, aiding users in efficiently finding and managing information. This funding highlights investor confidence in the potential of AI technology in the information processing sector.

During a speech in London, Bill Gates stated that while AI systems increase energy consumption, tech companies are willing to pay a "green premium" for clean energy, driving sustainable energy development. He believes AI technology will ultimately offset its electricity usage. Companies like Microsoft are investing billions in data centers to support AI systems.

Facebook has introduced a compiler specifically designed for large language models to improve AI performance and efficiency. This compiler optimizes model training and inference processes and supports multiple hardware platforms. Developers can use this tool to better deploy and manage complex AI systems.