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Ex-Intel executives' startup aims to tackle spiraling costs of AI
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(Corrects titles of Michael Carbin and Jonathan Frankle in paragraph 5) By Stephen Nellis (Reuters) - After Intel Corp bought Naveen Rao and Hanlin Tang's startup in 2016, their job was to help the chip giant make money off artificial intelligence, which requires vast computing power and had become lucrative for the chip industry. But after leaving Intel last year, the pair on Wednesday revealed a startup called MosaicML. It aims to help businesses and researchers carry out artificial intelligence more efficiently - in other words, by using less computing power and fewer chips. It has raised $37 million in funding from DCVC, Lux Capital, Future Ventures, Playground Global and other venture investors. MosaicML's founders said that artificial intelligence models, which must be "trained" using huge troves ...Read More on Datafloq
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