Modular secures $100M to build tools to optimize and create AI models

[ad_1] Modular, a startup creating a platform for developing and optimizing AI systems, has raised $100 million in a funding round led by General Catalyst with participation from GV (Google Ventures), SV Angel, Greylock and Factory. Bringing Modular’s total raised to $130 million, the proceeds will be put toward product expansion, hardware support and the … Read more

Meta releases Code Llama, a code-generating AI model

[ad_1] Meta, intent on making a splash in a generative AI space rife with competition, is on something of an open source tear. Following the release of AI models for generating text, translating languages and creating audio, the company today open sourced Code Llama, a machine learning system that can generate and explain code in … Read more

5 trends in VC funding for pre-seed startups

[ad_1] Here’s how to close a funding round in 2023 Silicon Valley’s image as a shiny, money-spewing beacon on a hill of boundless opportunity has gotten a bit of a readjustment over the past year. The fundraising landscape has been utterly brutal. Yes, VCs are still sitting on a lot of dry powder, but as … Read more