VentureBeat November 12, 2024
A new enterprise AI focussed startup is emerging from stealth today with the promise of providing what it calls ‘task-optimized’ models that provide better performance at lower cost.
Fastino , based in San Francisco is also revealing that it has raised $7 million in a pre-seed funding round from Insight Partners and M12, Microsoft’s Venture Fund as well as participation from Github CEO Thomas Dohmke. Fastino is building its own family of enterprise AI models as well as developer tooling. The models are new and are not based on any existing Large Language Models (LLMs). Like most generative AI vendors, Fastino’s models have a transformer architecture though it is using some innovative techniques designed to improve accuracy and enterprise utility....
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