Musk Sues

March 25, 2024March 25, 2024
by RJ Hamster

March 05, 2024 | Read Online

What’s Powering the Next Wave of AI

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∆ Tech in the News

Crypto Surges – Bitcoin broke above $68k against the USD and reached a new ATH against the Euro amid large Spot ETF inflows. Popular meme coins like Shiba Inu also saw large price surges.

Musk v Altman – OpenAI has rejected Elon’s claims that it abandoned its “public benefit” mission by partnering with Microsoft for profit.

India AI Clamp-Down – Major tech firms will have to gain Government approval to launch AI models in India from the Ministry of Electronics and IT.

Apple Fined $2B – The EU fined Apple for thwarting competition from music streaming rivals like Spotify by App Store restrictions in breach of antitrust laws.

Airport Run – California granted Waymo approval to expand its robotaxiservice to areas of LA and San Francisco Peninsula, including the SF airport.

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Will Bitcoin continue above its All-Time-High of $69,000

$100k is no problem at this pace

Trend reversal incoming

Dude, I have no idea

The Hottest Thing in Tech this Week

Who will verticalize AI first?

Groq’s Strategic Acquisition

Groq just made a strategic move by acquiring AI software startup Definitive Intelligence. Definitive offers a range of business-oriented AI solutions, including chatbots, data analytics tools and documentation builders. With this acquisition, they have formed GroqCloud, a new business unit to enhance its LPU (“language processing units”) and enterprise and public sector AI ecosystem. Definitive’s CEO will lead GroqCloud to provide infrastructure for its cloud-hosted accelerators and API.

Recently, Groq claimed its LPUs could run existing LLMs like GPT-4 at 10x the speed of current solutions. This development highlights the growing trend towards faster hybrid hardware/software-based custom AI compute solutions for running AI models efficiently. Groq’s CEO predicts that most startups will adopt these high-speed LPUs by end of 2024.

Nvidia’s Four-Layer AI Stack

Nvidia has long had a strategy to power the “next wave of AI,” from “silicon to software” delivering products across a four-layer AI stack:

Hardware,
System software,
Platforms (e.g., simulations like Digital twins)
AI/robotics application frameworks

It reportedly plans to charge $4500/yr per GPU for the software layer to interact with LLMs.

Microsoft’s Research on Micro-Language Models LLMs

New research by Microsoft introduced “The Era of 1-bit LLMs” (i.e., LLMs that are just 1-bit in size). This breakthrough has the potential to disrupt current hardware stacks and enable a “new computation paradigm”. By bringing massive efficiencies to hardware design, 1-bit LLMs could pave the way for smaller, faster, and greener AI models. Microsoft’s partnership with Intel to build hardware optimized for these models further solidifies its position in the AI landscape.

The race is still very much on to solve the problem of lighter, faster, cleaner AI as more and more companies are looking to reduce dependencies and streamline their infrastructure to close the gap on trillion-dollar tech giants.

“The first wave of AI learned perception and inference, the next is robotics — AI planning actions. Digital robots, avatars and physical robots will perceive, plan and act.”

– Jesen Huang, CEO, Nvidia

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This section will feature job opportunities from across the tech sector. Contact us to submit a job or apply below:

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Want to share your job postings with our Community? Connect with us at jobs@thetech.buzz

Deals We’re Watching

Founders to Watch and Opportunities to Catch

Open Deals:

Looking to invest? Let us know if you want a warm intro —> invest@thetech.buzz

Unicorn Founder Launches AI Learning Platform – Orlando, FL – After a season of unicorn growth and strategic M&As, software founder/CTO transitions to next venture to disrupt the education sector. [Four-letter-name].com. Open to follow on investors. Seed Stage.
Democratizing Financial Planning – NYC, NY – VC-backed, “SEC-registered AI RIA” making complex financial planning accessible for underserved. Led by fintech entrepreneurs, post-revenue. Seed Stage. Fintech.
AI-agent for Professional Intros – Irvine, CA – Existing Tech/finance media company looking for growth funding to launch autonomous co-pilot that introduces founders/builders to individuals that can support their growth. Audience of ~600k active members. (Open to financing discussions).
Seeking to partner with 1 Real Estate Developer looking to optimize their workflow – Building an AI Copilot for Parcel Identification. Experienced engineering/cybersecurity team, currently engaged in active DOD contracts. (Stakeholder Equity). Proptech.
Uber for staffing – Cincinnati, OH – $40M ARR technology staffing marketplace specializing in blue collar placements. Raising for tech-optimized M&A of recruiting firm. (Open to financing discussions). Staffing.

Raising for your startup? Send us your Open Round —> invest@thetech.buzz

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Closed Deals:

Biopharmaceuticals – Massachusetts Oncology Biotech FogPharmaclosed a $145M Series E led by Nextech Invest with RA Capital and General Catalyst.

AI Deployment – San Fran startup Baseten raised a $40M Series B led by IVP and Spark Capital to help devs build and deploy AI applications.

Auction-Powered Ads – Palo Alto e-commerce startup Topsort, raised a $20M Series A at a $150M post-money valuation.

Scaling Ethereum – New York Layer 2 scaling solutions startup Taikoclosed its Series A at $15M backed by Lightspeed Faction, and Hashed.

With Relish – Ohio startup Relish uses AI to help businesses improve customer interactions by analyzing customer data, and just closed a $10M Series A.

Companies to Watch:

Going Large – Microsoft invested a further $16.3M in an add-on to Mistral AI’s Series A as part of an Azure distribution partnership for its “Mistral large”.

The Funding Buzz

Venx – A Boston collaborative group will co-evaluate investments and write checks individually focused on pre-seed to later stages in deep tech, including climate tech, AI and biotech.

Commerce Ventures – San Francisco firm investing in seed and Series A fintech, payments, insurance, and retail tech startups closed its fifth fund at more than $150M.

Startup Qatar Investment Program – QDB-managed $100M fund to attract tech startups to Qatar, including in fintech, clean tech, agritech, B2B SaaS, health tech, marketplaces, proptech, AI & ML and robotics.

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Anthropic – Claims Claude 3 Opus model rivals GPT-4 and Gemini Ultra.

Adzedek – Places ads into any chatbot on OpenAI’s GPT store.

Inflection AI – Released Apple iMessages conversational chatbot.

Buzzy Tech

Alef – SpaceX-backed startup’s $300k flying car has reached 2,850preorders

Apple – Unveiled new 13 & 15-inch MacBook Air with advanced M3 chips.

Ultrasound Neurons – Scientists use sound waves to hack brain neurons.

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North Korea has successfully tested a hypersonic missile engine with a range to strike U.S. targets, state media claims. —

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RJ Hamster

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Musk Sues

Musk Sues

What’s Powering the Next Wave of AI

∆ Tech in the News

A financial modeling webinar for startup founders

Will Bitcoin continue above its All-Time-High of $69,000

The Hottest Thing in Tech this Week

Who will verticalize AI first?

Groq’s Strategic Acquisition

Nvidia’s Four-Layer AI Stack

Microsoft’s Research on Micro-Language Models LLMs

Career Hive

Deals We’re Watching

Open Deals:

The latest marketing science in your inbox

Closed Deals:

Companies to Watch:

The Funding Buzz

Trending Tools and Buzzy Tech

Trending Tools

Buzzy Tech

For VCs and Funds

For Founders + Builders

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