PYMNTS.com July 11, 2024
Fireworks AI raised $52 million to expand its artificial intelligence product.
The investment values the 2-year-old firm at $552 million, according to a Monday (July 8) company blog post. The company helps businesses access multiple AI models.
“Unlike proprietary mega models that are generic, non-private, and hard to customize, Fireworks AI provides smaller, production-grade models that can be deployed privately and securely,” CEO Lin Qiao wrote in the post. “Using minimal human-curated data, our ultra-fast LoRA fine-tuning allows developers to quickly customize models to their specific needs, transitioning from dataset preparation to querying a fine-tuned model in minutes. These fine-tuned models are seamlessly deployed, maintaining the same performance and cost benefits as our base models.”
Developers at AI startups such...
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