VESSEL AI reducing AI costs with $12M funding 💡

Physics prize validates machine learning

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Cagri Sarigoz
October 08, 2024

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VESSEL AI reducing AI costs with $12M funding 💡

TL;DR

South Korean startup VESSL AI secures $12M in funding to enhance its MLOps platform, which optimizes GPU costs through hybrid infrastructure. The platform aims to reduce expenses by up to 80%, attracting major clients and strategic partnerships.

The best part for entrepreneurs on a tight budget: they have a generous free plan.

Check VESSL AI pricing here.

Key Takeaways

  • The platform currently has 50 enterprise customers and over 2,000 users.

  • VESSL AI's multi-cloud strategy and spot instances address GPU shortages and streamline AI model development processes.

  • Strategic partnerships with Oracle and Google Cloud position VESSL AI for growth in the competitive MLOps market.

Why It Matters

VESSL AI's $12M funding and cost-cutting MLOps platform highlight the growing demand for efficient AI infrastructure. By reducing GPU expenses by up to 80%, they're making AI development more accessible and affordable for businesses, potentially accelerating AI adoption across industries.

📰 In the News

Headlines & Launches 📣 

Nvidia Becomes 2nd-largest Company, Driven by AI Demand

Nvidia has overtaken Microsoft as the second-largest company by market capitalization, reaching $3.13 trillion. This milestone is driven by strong demand for Nvidia's AI chips, with the company's stock price increasing since the start of the year. Analysts predict further growth potential for Nvidia, highlighting the increasing importance of AI technologies in shaping the future of business and technology.

AMD's upcoming "Advancing AI" event is generating buzz among analysts. The company is expected to unveil new AI products and partnerships, potentially boosting its market share against competitors like Nvidia. With 13 "buy" ratings and a projected 11% stock price increase, AMD's AI advancements could significantly impact the tech industry.

Super Micro Computer announces shipping over 100,000 AI GPUs quarterly, potentially worth billions in revenue. The company also introduced a new cooling technology for data centers, aiming to reduce costs and improve energy efficiency. Despite these advancements, Super Micro faces delayed financial reporting and regulatory scrutiny.

Hot New Tools 🧰

Hugging Face has launched OpenAI-Gradio, a Python package that allows developers to build AI-powered web apps with minimal code. This tool integrates OpenAI's language models with Gradio's interface, enabling quick deployment of sophisticated AI applications.

Protocraft AI studio streamlines file editing, code generation, and image analysis across multiple platforms. It is compatible with various LLM providers and offers seamless integration of prompt automation and software development support. Available as a desktop tool for Windows, Mac OS X, and Linux.

ReadPartner offers quick summaries of diverse media formats, including documents, websites, and videos. The AI tool provides custom news digests and supports multiple languages. With its Chrome extension and detailed analytics, ReadPartner aims to boost productivity for professionals and entrepreneurs by efficiently condensing complex information.

Marketing & Sales 🤑

Dan Kennedy, renowned direct marketing expert, is set to release "No B.S. Guide to Successful Marketing Automation" on October 15, 2024, available for pre-order on Amazon. Co-authored with Parthiv Shah, the book offers practical strategies for integrating AI and automation into marketing efforts. It covers essential topics like building effective funnels, optimizing copywriting with AI, and selecting the right CRM to boost sales and customer retention.

Miscellaneous 🎁

Priceline has integrated AI-powered voice technology into its Penny chatbot, utilizing OpenAI's GPT-4 API for real-time conversations. This advancement allows users to perform hands-free searches, get recommendations, and discover destinations through voice commands. While enhancing accessibility and efficiency, experts note AI still faces challenges with complex itineraries and unique accommodations.

A recent survey reveals that 38% of employees share sensitive work data with AI tools without permission, raising cybersecurity concerns. Younger workers are more likely to engage in this risky behavior, potentially exposing corporate secrets and financial information. Experts recommend implementing clear AI usage policies, encrypting data, and monitoring AI activities to mitigate these risks.

The Authors Guild is launching a "Human Authored" certificate for books to differentiate human-written content from AI-generated texts. This initiative aims to protect writers and appeal to ethically conscious readers. The label's effectiveness may depend on consumer demand and the challenge of verifying human authorship in an increasingly AI-integrated world.

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Thanks for reading,

— Cagri Sarigoz

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