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OctoML raises $85M for it for its machine learning acceleration platform

TechCrunch

OctoML , a Seattle-based startup that helps enterprises optimize and deploy their machine learning models, today announced that it has raised an $85 million Series C round led by Tiger Global Management. ” OctoML raises $28M Series B for its machine learning acceleration platform.

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Rocket Mortgage lays foundation for generative AI success

CIO

That’s why Rocket Mortgage has been a vigorous implementor of machine learning and AI technologies — and why CIO Brian Woodring emphasizes a “human in the loop” AI strategy that will not be pinned down to any one generative AI model. The rest are on premises.

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L’IA generativa tra sostenibilità e rischi: ecco perché i CIO guardano agli Small Language Model

CIO

“L’IA generativa può portare tanti benefici, e anche noi in GARR la usiamo e la useremo, ma non può essere adottata senza opportune considerazioni”, afferma Massimo Carboni, CTO, Head of Infrastructure Department, di GARR. Questa quota è aumentata del 50-60% negli ultimi dieci anni ed è destinata a crescere ancora”, afferma il CTO di GARR.

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IBM Z mainframes get AI boost with new Telum II processor, Spyre accelerator

CIO

It includes a 40% increase in on-chip cache capacity with virtual L3 and virtual L4 growing to 360MB and 2.88GB, respectively. Telum II is engineered to enable model runtimes to sit side by side with the most demanding enterprise workloads, while delivering high throughput, low-latency inferencing.”

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AI Chihuahua! Part I: Why Machine Learning is Dogged by Failure and Delays

d2iq

Going from a prototype to production is perilous when it comes to machine learning: most initiatives fail , and for the few models that are ever deployed, it takes many months to do so. As little as 5% of the code of production machine learning systems is the model itself. Adapted from Sculley et al.

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IT leaders explore footing amid shifting needs and the AI power struggle

CIO

Many technology leaders already worked with AI for over a decade for things like predictive maintenance and supply chain planning. Some even implemented their own virtual personal assistants (VPAs), which included at least natural language processing—and sometimes more intelligence than that.

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Is the gen AI bubble due to burst? CIOs face rethink ahead

CIO

For example, a gen AI virtual assistant can cost $5 million to $6.5 Determining the ROI for “ubiquitous” gen AI uses, such as virtual assistants or intelligent chatbots , can be difficult, says Frances Karamouzis, an analyst in the Gartner AI, hyper-automation, and intelligent automation group.