OpenAI is launching a mini version of its latest AI model. These small AI models are meant to be faster and more affordable than the full version — making them particularly useful for simple, high volume tasks. That should appeal smaller developers who don’t necessarily have a lot of money for AI costs, but want […]
Iconiq raises $5.15B toward seventh flagship fund
Iconiq Capital has raised $ 5.15 billion across two funds associated with the seventh growth fund family, according to SEC filings. The firm, which launched in 2011 as a private office managing capital of some of the most prominent and wealthiest people in tech, including Mark Zuckerburg and Jack Dorsey, originally targeted $ 5.75 billion, […]
Snowflake releases a flagship generative AI model of its own
All-around, highly generalizable generative AI models were the name of the game once, and they arguably still are. But increasingly, as cloud vendors large and small join the generative AI fray, we’re seeing a new crop of models focused on the deepest-pocketed potential customers: the enterprise. Case in point: Snowflake, the cloud computing company, today […]