Generative AI gets a lot of press, from image-generating tools like Midjourney to Runway to OpenAI’s ChatGPT.
To be clear, the execs — who hail from such industries as manufacturing, transportation and industrial goods — still see GenAI as a priority.
Eighty-nine percent responding to the BCG poll ranked the tech as a “top-three” IT initiative for their companies in 2024.
The results, taken in tandem with responses to a BCG survey late last year, put into sharp relief the high degree of enterprise skepticism surrounding AI-powered generative tools of any kind.
“Bad or illegal decision-making” touches on copyright violations — a hot-button topic in GenAI.
In search of one, they founded Giga ML, a startup building a platform that lets companies deploy LLMs on-premise — ostensibly cutting costs and preserving privacy in the process.
“Giga ML addresses both of these challenges.”Giga ML offers its own set of LLMs, the “X1 series,” for tasks like generating code and answering common customer questions (e.g.
But it’s tough to say how X1 compares qualitatively; this reporter tried Giga ML’s online demo but ran into technical issues.
Even if Giga ML’s models are superior in some aspects, though, can they really make a splash in the ocean of open source, offline LLMs?
“Giga ML’s mission is to help enterprises safely and efficiently deploy LLMs on their own on-premises infrastructure or virtual private cloud,” Vummadi said.
The crypto winter may or may not thaw, but not everyone is going into the new year without hope: A majority of founders are optimistic about the opportunities for crypto startups in 2024, per a new survey shared exclusively with TechCrunch+.
The CoinFund Founder Forecast survey gathered responses from 30 of CoinFund’s web3 portfolio companies across the pre-seed, seed and Series A stages.
The survey ran from November 7 to November 17, when cryptocurrencies like bitcoin and ethereum were starting to show signs of price recovery.
While some crypto startups may be going out of business, Alex Felix, managing partner and chief investment officer at CoinFund, said these 30 companies have sufficient runway and are thinking about the new year.
According to the survey, the top areas primed for growth in the coming year include AI integrated with web3, zero-knowledge technology, decentralized finance, consumer apps, gaming, layer-2 blockchains and crypto wallets.
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