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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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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. The compute power of each accelerator is expected to be improved by 4x, reaching 24 trillion operations per second (TOPS).

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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.

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8 open source companies from YC Demo Day Winter ’22

TechCrunch

How it says it differs from rivals: Tuva uses machine learning to further develop its technology. They’re using that experience to help digital health companies get their data ready for analytics and machine learning. After Education.com ’s exit in 2019, the two of them began working on GrowthBook. Founded: 2022.

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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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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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Familia Martínez apuesta por la digitalización para la toma y ejecución de decisiones estratégicas 

CIO

“Las compañías que se integran en Familia Martínez son un referente del sector en este sentido, tanto en el ámbito nacional como en el internacional”, explica Roberto López, CTO Corporativo de la compañía. “En Según el CTO de la marca, la compañía ha alcanzado “un grado de madurez significativo” en este proceso de digitalización.

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