Tag: Infrastructure

Google's ChatGPT and Bard are changing the game in generative AI tools. AI market revenue is set to soar from $40 billion in 2020 to $1.3 trillion by 2032.

Anyscale's Aviary project streamlines the deployment of open-source large language models by simplifying the bespoke process. Built on Ray, it offers pre-configured defaults and tools to support hundreds of LLM models, providing solutions to the growing number of open-source models.

Dispersion Capital, a venture firm, recently launched a $40 million fund to invest foundational Web3 infrastructure. Companies backed by the fund aim to challenge existing industries with security, data, gaming, and finance solutions, and investments are already providing added value. Experienced web3 veteran Patrick Chang leads the firm with the intent to support developers in the Web3 space. Supported by notable web2 and web3 pioneers, Dispersion Capital works to bring blockchain technology to the world.

The cloud infrastructure revenue grew by 19% in the first quarter despite budget cuts, generating an impressive $63B in the period. Major players such as Amazon, Microsoft Azure, and Google Cloud remain key contributors. China is back in the game, increasing cloud adoption and driving market growth. Benefits of using cloud technology are clear and evident.

Meta is a technology company providing resources to enable people to create and explore artificial worlds, with a focus on Virtual Reality, AI and Machine Learning, Cryptography and more. Last year, Meta executive Santosh Janardhan warned of a gap in AI-based technology, leading to investment and the introduction of their "LLaMA" language model. Meta followed on this AI endeavour by collaborating with NVIDIA in 2021 to build a supercomputer. Some have raised concern regarding the company's heavy spending on AI technology, however, it marks Meta as a leader in the development of state-of-the-art infrastructure.