Achal Augustine’s Post

“Right now, if you want to get access to a GPU, you have to wait in line, and it’s a long line.” Jonathan Ross, founder and chief executive of Groq, told Blue Tulip Ventures Managing Partner and #BrainstormAI co-chair Rana el Kaliouby, Ph.D. that his startup is focused on democratizing AI. "Our intention is to get to a point where we make enough money where we can give access away for free to everyone in the world," he said. Read more: https://lnkd.in/ey4xQX-E

Inspired by Jonathan Ross's comments on what Groq is doing to democratize access to AI. Another reason why the transformative power of AI in every day life will be a tsunami compared to the late 90s and the adoption of the www.! Many more companies have a role in helping make sure access to AI is within reach for everyone. #aifuture #agenticAI #enterpriseAI

Grok , one of Elon Musk’s ai focused businesses has introduced an innovative AI image-generation feature in collaboration with the Germany-based startup Black Forest Labs. This partnership, using Black Forest Labs' #FLUX.1 model, brings a unique approach by minimizing traditional safeguards, offering users greater freedom in creativity and expression on the X platform. Black Forest Labs, backed by $31 million in seed funding from notable investors like Andreessen Horowitz and Y Combinator CEO Garry Tan, aims to enhance the AI image-generation landscape. With roots in the Stability AI’s #StableDiffusion models, Black Forest Labs’ FLUX.1 is reported to surpass existing models in quality, as rated by users. The startup, committed to making its models widely accessible, provides open-source AI image-generation models and plans to develop a text-to-video model in the future. Musk’s alignment with Black Forest Labs reflects his vision for an AI platform with fewer restrictions, encouraging innovation while addressing concerns about AI biases. #airacehottingup #aiforall #aitranspency

What's New to The Street... CoreWeave's meteoric rise continues! 🚀💰 The AI startup, supported by Nvidia, has seen its valuation soar to a staggering $19 billion in just five months. With a recent $1.1 billion influx from investors like Fidelity and Magnetar Capital, the future looks brighter than ever! 👉🏻Follow New To The Street for more! #CoreWeave #AI #TechInvestments #businessnews #business #news #newtothestreet

What's New to The Street... CoreWeave's meteoric rise continues! 🚀💰 The AI startup, supported by Nvidia, has seen its valuation soar to a staggering $19 billion in just five months. With a recent $1.1 billion influx from investors like Fidelity and Magnetar Capital, the future looks brighter than ever! 👉🏻Follow New To The Street for more! #CoreWeave #AI #TechInvestments #businessnews #business #news #newtothestreet

Jensen Huang, the Founder and CEO of NVIDIA, delivered an exciting keynote discussing his latest innovations and upcoming AI trends. We're thrilled that he mentioned GliaCloud Co., Ltd. and InfinitiesSoft Solutions Inc., two startups that SparkLabs Taiwan invested in early on. We believe this is the best time to develop AI, and Taiwan is playing a crucial role. SparkLabs Taiwan is all-in on AI. Let's work together and make a difference. #DreamBigGoGlobal #DBGG _ David Chen Peng Agnes Dewey Hsu Wenyu Chen Mallory (Meng-Yao) Chien Kenny Chen Joe (游詩喬) Yu

Great article by Alexander E. Brunner on AI VC investments and where the money actually goes. See below full article, but picking out one aspect of it which is the valuation and also a Swiss view to it: The venture world in the US is struggling. In 2024, VC investments are at a third of 2021 levels, what a drop. Most of this funding goes to AI, with 200 AI deals worth $22 billion, averaging $1 billion in valuation. This is 5 to 6 times the valuation and funding size of non-AI companies. Hence is quite obvious that for non-AI unicorns, raising money is nearly impossible. Last round valuations are likely too high, and startup valuations are now gauged by secondary share sales at much lower multiples. This results in valuations 50-75% lower than the last funding round, with the US IPO market for startups almost non-existent. AI Chatbot for Investor Inquiries and a Swiss view: Swiss AI startup founders are swamped with investor requests, with one even building a GenAI chatbot to manage inquiries. Swiss AI legaltech startup DeepJudge recently secured a $10.7 million seed round from Coatue, indicating that even international startups are benefiting from the US AI investment wave. Great news. #ai #web3

The first AI chip startup to go public in 2025 will be Blaize ) Blaize, an AI chip startup, is going public via a SPAC deal on Nasdaq, focusing on chips for edge applications. Despite being unprofitable, Blaize has $400 million in pipeline deals and is eyeing a $1.2 billion valuation post-merger. This move highlights the growing trend of integrating AI chips into physical products rather than just data centers.

Letta, an AI startup founded by Berkeley PhD students Sarah Wooders and Charles Packer, has emerged from stealth with $10 million in seed funding led by Felicis at a $70 million post-money valuation. Letta’s technology, based on the open-source project MemGPT, helps AI models remember users and conversations over time, addressing a key issue with large language models (LLMs). Backed by prominent investors like Google’s Jeff Dean and Hugging Face’s Clem Delangue, Letta is positioning itself as an open-source alternative to proprietary AI solutions. Learn More: https://lnkd.in/gfBKk-ct INVESTORS: Felicis Ventures, Jeff Dean, Clem Delangue, Cristóbal Valenzuela & Robert Nishihara ROUND: Seed AMOUNT: $10,000,000 HQ: #Berkeley #California #VentureCapital #Letta #FelicisVentures #JeffDean #ClemDelangue #CristóbalValenzuela #RobertNishihara #TradedVC

#Startup Wispr AI just raised $4.6M to develop a device that can connect your thoughts to technology. 🧠🤖 Their #goal is to create a seamless interface between the human mind and everyday devices, like being able to control your smart home or calendar just by thinking about it. Wispr is entering a rapidly #growing $19B global neurotechnology market. They'll be competing with startups like Cognixion, NeuroPace, and Elon Musk's Neuralink. Can't wait to see what Wispr comes up with next!