estimated

Startups

Byju’s once valued at $22 billion, now sees BlackRock reducing stake to $0

BlackRock, an investor in Byju’s, estimates that its stake of Indian edtech giant, once valued at $22 billion, is now worth nothing. So it doesn’t come as a surprise that BlackRock has implied a zero valuation to Byju’s. At the end of October last year, BlackRock had cut the valuation of Byju’s to about $1 billion. However, the research’s note chart (embedded below) did use zero in the column for estimated value. The story has also been updated to emphasize BlackRock’s valuation adjustment in its Byju’s stake.

Dylan Williams
June 7, 2024

Uncategorized

“Maximizing Start-Up Success: 5 Key Strategies for Effective LLM Deployment”

In fact, an April 2023 Arize survey found that 53% of respondents planned to deploy LLMs within the next year or sooner. The H100 GPU from Nvidia, a popular choice for LLMs, has been selling on the secondary market for about $40,000 per chip. One source estimated it would take roughly 6,000 chips to train an LLM comparable to ChatGPT-3.5. That source estimated that the power consumption to run ChatGPT-3.5 is about 1 GWh a day, or the combined daily energy usage of 33,000 households. Power consumption can also be a potential pitfall for user experience when running LLMs on portable devices.