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Loft Dynamics raises $20M to tackle pilot shortage with VR training

TechCrunch

Founded out of Zurich in 2016, Loft Dynamics has developed a slew of simulators for some of the most common helicopters, including the single turbine Airbus H125. Other companies are using VR simulation to tackle similar workforce shortage problems or otherwise enhance existing training programs. H125 VR simulator.

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VRAI wants to tackle the energy crisis by bringing VR simulation training to offshore wind sector

TechCrunch

Virtual Reality (VR) has struggled to transition too far beyond gaming circles and specific industry use-cases such as medical training , but with the burgeoning metaverse movement championed by tech heavyweights such as Meta , there has been a renewed hope (and hype) around the promise that virtual worlds bring. ” Training day.

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Pursuit closes $10M fund to spin up a self-sustaining job training program

TechCrunch

Pursuit has raised $10 million in funding for a promising and potentially self-sustaining new model for training up new tech workers in which learners only pay when they land a real position. Pursuit is building a model for job training that mitigates both these risks. “It takes four years to see results.

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AIMMO bags $12M Series A to advance data labeling technology  

TechCrunch

Most artificial intelligence models are trained through supervised learning, meaning that humans must label raw data. Scale, whose army of humans annotate raw data to train self-driving and other AI systems, nabs $18M. Among all the directions and industries, our focuses are [mainly] smart city and autonomous driving.” .

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How the model train industry got off track

The Hustle

Today, it seems the latest victim of the tech takeover might be the model train hobby industry, which is nearing the end of the line. The situation was dire even back in 2016 when the National Model Railroad Association said the average age of its ~19k members was 64, up from 39 in the mid-’70s. The little engine that can?

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Efficient continual pre-training LLMs for financial domains

AWS Machine Learning - AI

Large language models (LLMs) are generally trained on large publicly available datasets that are domain agnostic. For example, Meta’s Llama models are trained on datasets such as CommonCrawl , C4 , Wikipedia, and ArXiv. The resulting LLM outperforms LLMs trained on non-domain-specific datasets when tested on finance-specific tasks.

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Argentina’s Digital House raises over $50M to help solve LatAm’s tech talent shortage

TechCrunch

The raise brings Digital House’s total funding raised to more than $80 million since its 2016 inception. Since it first launched its classes in March 2016, the company has seen a 118% CAGR in revenues and a 145% CAGR in students. How nontechnical talent can break into deep tech.