Replit

Anon Debuts Integration Platform for the Internet with $6.5M Funding

Retrieved on: 
Wednesday, April 24, 2024

Anon, a revolutionary developer platform empowering secure AI access and control to user accounts online, today announces $6.5M in funding and a powerful toolkit that unlocks the full potential of AI applications.

Key Points: 
  • Anon, a revolutionary developer platform empowering secure AI access and control to user accounts online, today announces $6.5M in funding and a powerful toolkit that unlocks the full potential of AI applications.
  • Anon removes this barrier with its comprehensive developer toolkit, empowering AI agents to integrate with the internet on a far greater scale.
  • By empowering developers to create "mini virtual assistants" for specific tasks, Anon will transform the way that users delegate their digital lives.
  • The end market for Anon encompasses the entire universe of AI-powered actions, which will reduce friction and improve automation across the internet.

Databricks Launches DBRX, A New Standard for Efficient Open Source Models

Retrieved on: 
Wednesday, March 27, 2024

SAN FRANCISCO, March 27, 2024 /PRNewswire/ -- Databricks, the Data and AI company, today announced the launch of DBRX, a general purpose large language model (LLM) that outperforms all established open source models on standard benchmarks. DBRX democratizes the training and tuning of custom, high-performing LLMs for every enterprise so they no longer need to rely on a small handful of closed models. Available today, DBRX enables organizations around the world to cost-effectively build, train, and serve their own custom LLMs.

Key Points: 
  • "We're excited about DBRX for three key reasons: first, it beats open source models on state-of-the-art industry benchmarks.
  • Second, it beats GPT-3.5 on most benchmarks, which should accelerate the trend we're seeing across our customer base as organizations replace proprietary models with open source models.
  • DBRX sets a new standard for open source models, enabling customizable and transparent generative AI for all enterprises.
  • A recent survey from Andreessen Horowitz found that nearly 60 percent of AI leaders are interested in increasing open source usage or switching when fine-tuned open source models roughly match performance of closed source models.

Databricks Launches DBRX, A New Standard for Efficient Open Source Models

Retrieved on: 
Wednesday, March 27, 2024

SAN FRANCISCO, March 27, 2024 /PRNewswire/ -- Databricks, the Data and AI company, today announced the launch of DBRX, a general purpose large language model (LLM) that outperforms all established open source models on standard benchmarks. DBRX democratizes the training and tuning of custom, high-performing LLMs for every enterprise so they no longer need to rely on a small handful of closed models. Available today, DBRX enables organizations around the world to cost-effectively build, train, and serve their own custom LLMs.

Key Points: 
  • "We're excited about DBRX for three key reasons: first, it beats open source models on state-of-the-art industry benchmarks.
  • Second, it beats GPT-3.5 on most benchmarks, which should accelerate the trend we're seeing across our customer base as organizations replace proprietary models with open source models.
  • DBRX sets a new standard for open source models, enabling customizable and transparent generative AI for all enterprises.
  • A recent survey from Andreessen Horowitz found that nearly 60 percent of AI leaders are interested in increasing open source usage or switching when fine-tuned open source models roughly match performance of closed source models.

Extropic Emerges from Stealth, aiming to revolutionize Generative AI with Physics-based AI processors

Retrieved on: 
Friday, March 15, 2024

SAN FRANCISCO, March 15, 2024 /PRNewswire/ -- Extropic, a pioneer in physics-based computing, this week emerged from stealth mode and announced the release of its Litepaper, which outlines the company's revolutionary approach to AI acceleration through thermodynamic computing. Founded in 2022 by Guillaume Verdon, Extropic has been developing novel chips and algorithms that leverage the natural properties of out-of-equilibrium thermodynamic systems to perform probabilistic computations for generative AI applications in a highly efficient manner.

Key Points: 
  • Founded in 2022 by Guillaume Verdon, Extropic has been developing novel chips and algorithms that leverage the natural properties of out-of-equilibrium thermodynamic systems to perform probabilistic computations for generative AI applications in a highly efficient manner.
  • The Litepaper delves into Extropic's groundbreaking computational paradigm, which aims to address the limitations of current digital hardware in handling the complex probability distributions required for generative AI.
  • Today's algorithms spend around 25% of their time moving numbers around in memory, limiting the speedup achievable by accelerating specific operations.
  • This funding will accelerate the development of Extropic's computational paradigm and enable the company to push the boundaries of thermodynamic computing for generative AI.

Synadia Raises $25 Million Series B Funding to Meet Massive Demand for Multi-cloud and Edge Computing Driven by AI

Retrieved on: 
Thursday, February 22, 2024

SAN MATEO, Calif., Feb. 22, 2024 /PRNewswire/ -- Synadia Communications, Inc., creators and maintainers of NATS.io (NATS), the open-source cloud and edge-native messaging system for high-performance data streaming, today announced it has closed a $25 million Series B financing round. Led by Forgepoint Capital, the investment round includes participation from existing investors and new investors Singtel Innov8, LDVP and 5G Open Innovation Lab. Forgepoint Managing Director Ernie Bio will join Synadia's board of directors.

Key Points: 
  • The round brings Synadia's total funding to $51 million raised to date and further validates the company's holistic approach to solving the increasingly complex and pervasive challenges of distributed computing, which is driving rapid growth in edge computing investments.
  • Founded in 2017 by CEO Derek Collison, the creator of NATS, Synadia entered the market to address the challenges of edge and multi-cloud computing.
  • Users can also easily extend Synadia Cloud to hybrid and multi-cloud environments to meet specific data privacy, sovereignty, or custom deployment requirements.
  • Synadia Platform - A fully supported version of NATS combined with enterprise-grade features - expertly managed by Synadia or customer self-hosted.

AI Code Tools Market worth $12.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, October 23, 2023

AI code tools, deployed in the cloud, have become the backbone of innovation and efficiency across industries.

Key Points: 
  • AI code tools, deployed in the cloud, have become the backbone of innovation and efficiency across industries.
  • Cloud-based AI code tools allow organizations to harness artificial intelligence without the need for extensive infrastructure investments, making them cost-effective and readily available.
  • By spotting and resolving coding standards violations, assuring consistency, and upholding best practises, AI code tools help preserve the quality of the code.
  • Developers of all experience levels, from novices to specialists, can use AI code tools, which offer aid at every stage of creation.

AI Code Tools Market worth $12.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, October 23, 2023

AI code tools, deployed in the cloud, have become the backbone of innovation and efficiency across industries.

Key Points: 
  • AI code tools, deployed in the cloud, have become the backbone of innovation and efficiency across industries.
  • Cloud-based AI code tools allow organizations to harness artificial intelligence without the need for extensive infrastructure investments, making them cost-effective and readily available.
  • By spotting and resolving coding standards violations, assuring consistency, and upholding best practises, AI code tools help preserve the quality of the code.
  • Developers of all experience levels, from novices to specialists, can use AI code tools, which offer aid at every stage of creation.

Neon Raises $46 Million in New Capital, Reinforcing Commitment to Serverless Postgres

Retrieved on: 
Tuesday, August 1, 2023

Tim Tully, partner at Menlo Ventures, will be joining Neon’s board of directors, who detailed the potential of the business.

Key Points: 
  • Tim Tully, partner at Menlo Ventures, will be joining Neon’s board of directors, who detailed the potential of the business.
  • “Neon – powered by its separation of storage and compute, branching, and its serverless architecture – is the future of Postgres.
  • "Edge and Vector Similarity Search are the two technologies that are currently transforming the Postgres as a Service Business," said Nikita Shamgunov, CEO of Neon.
  • Neon Postgres is provided as an open-source to developers under the Apache 2.0 license.

Amjad Masad Earns WTF Innovators Award

Retrieved on: 
Wednesday, June 28, 2023

SALT LAKE CITY, June 28, 2023 /PRNewswire/ -- QuHarrison Terry presents Amjad Masad, Founder & CEO of Replit , with the WTF Innovators Award for his contribution to accelerating software development and enabling more people to participate in the breakthroughs of AI-assisted coding.

Key Points: 
  • SALT LAKE CITY, June 28, 2023 /PRNewswire/ -- QuHarrison Terry presents Amjad Masad, Founder & CEO of Replit , with the WTF Innovators Award for his contribution to accelerating software development and enabling more people to participate in the breakthroughs of AI-assisted coding.
  • The WTF Innovators Award recognizes excellence at the precipice of societal change, with the inaugural class focusing on AI innovators.
  • We present "Blueprints", produced by Nimso , to Amjad Masad.
  • Previously, Amjad Masad was a Founding Engineer of Codecademy – a free online coding education platform – that grew to 50m users and sold for over $500M.

Databricks Signs Definitive Agreement to Acquire MosaicML, a Leading Generative AI Platform

Retrieved on: 
Monday, June 26, 2023

SAN FRANCISCO, June 26, 2023 /PRNewswire/ -- Databricks, the Data and AI company, today announced it has entered into a definitive agreement to acquire MosaicML, a leading generative AI platform. Together, Databricks and MosaicML will make generative AI accessible for every organization, enabling them to build, own and secure generative AI models with their own data. The transaction is valued at approximately $1.3 billion, inclusive of retention packages.

Key Points: 
  • Together, Databricks and MosaicML will enable any company to build, own and secure best-in-class generative AI models while maintaining control of their data
    SAN FRANCISCO, June 26, 2023 /PRNewswire/ -- Databricks , the Data and AI company, today announced it has entered into a definitive agreement to acquire MosaicML, a leading generative AI platform.
  • Together, Databricks and MosaicML will make generative AI accessible for every organization, enabling them to build, own and secure generative AI models with their own data.
  • Customers such as AI2 (Allen Institute for AI), Generally Intelligent, Hippocratic AI, Replit and Scatter Labs leverage MosaicML for a wide variety of generative AI use cases.
  • Databricks' unified Data and AI platform combined with MosaicML's generative AI training capabilities will provide a platform robust enough to serve the world's largest organizations and flexible enough to address a broad range of AI use cases.