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- $1.3 billion AI buyout
$1.3 billion AI buyout
PLUS: More Stability AI controversy
Michael Parrish & Dan Bogachek
June 28, 2023
TOGETHER WITH
Good morning, human brains. Welcome back to your daily munch of AI news.
Here’s what’s on the menu today:
Another Stability AI exec quits ❌
Stability’s Head of Research, David Ha, has resigned.
$1.3 Billion AI buyout 💵
Databricks buys MosaicML for $1.3 billion.
APPETIZER
Stability AI may have an executive retention problem 🤦♂️
Stability AI’s Head of Research, David Ha, quit. COO Ren Ito also quit earlier this month.
More like Instability AI.
Ha hasn’t publicly given a reason, but Stability AI’s spokesperson commented on the subject:
“We can confim that David Ha has taken a break from employment at Stability AI for personal reasons.”
How insightful…
CEO Emad Mostaque has a chronic habit of exaggerating big claims. And a former business partner has sued Mostaque for cutting him out of Stability equity. There’s also that copyright lawsuit from Getty…
Yikes.
Our take: Stability is going through it — lawsuits, execs bailing left and right, Midjourney v5.2 overshadowing SDXL 0.9. Trouble in paradise?
BUZZWORD OF THE DAY
Data warehouses are a way to store data in an organized way, usually used for business analysis and reporting.
Data lakes store all types of raw data in an unstructured way. Data lakes lend themselves towards a wide variety of data analysis tasks, ranging from dashboards & visualization to big data and machine learning.
Data Lakehouse: a combination of a warehouse and lake. Databricks’ Lakehouse combines the reliability, strong governance, and performance of the data warehouses with the flexibility and machine learning capabilities of the data lakes.
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MAIN COURSE
Databricks announces $1.3 Billion MosaicML acquisition 🤑
Databricks has signed an agreement with MosaicML for $1.3 Billion. The strategy behind the big move: bring MosaicML’s advanced machine learning tech into Databricks’ data analytics ecosystem for faster and cheaper AI training.
Their last valuation was only $222 million.
MosaicML’s machine learning platform streamlines AI development with up to 7x faster training times. Both sides seem to share the same vision: making AI training more accessible.
“At MosaicML, we believe in a world where everyone is empowered to build and train their own models, imbued with their own opinions and viewpoints — and joing forces with Databricks will help us make that belief a reality.“
Eventually, their goal is to drive the cost of training a generative AI model from millions of dollars into the thousands.
So what’s a few billy between friends, anyhow?
Our take: That’s a lot of dough. But word on the street is that the deal was done in stock, rather than cash — which could make the effective price much lower.
MEMES FOR DESSERT
YOUR DAILY MUNCH
Think Pieces
352 experts in 2016 conducted a study on AI’s future. How accurate is it?
OpenAI plans to unveil a “personalized assistant for work.“ A potential conflict with Microsoft?
A 2,000-person poll on AI. How they use it, what they want from it, and what they’re afraid of.
Startup News
Google announced a new AI coding assistant for Colab Pro+. Especially useful if you need help getting started on a new task.
Merlyn Mind launches classroom-specific LLMs. They’re open-source and tailored for education.
Research
Understanding city diversity with an AI mapping tool. A new metric called Spatial Diversity Score for GNNs (Graph Neural Networks).
PromptIR — a new AI Image restoration tool.
LMFlow — a user-friendly toolkit to fine-tune LLM’s.
Tools
Humata.ai [Sponsor] — ask questions and get answers about any file instantly.
Scribe.ai — automatically documents your workflow to create SOP’s, training manuals, etc.
Zeroscope — an open-source text-to-video model. High quality 16:9 videos with no watermarks.
VoiceMod — change your voice in real-time with 21 AI voices.
TWEET OF THE DAY
Starship successfully completes a static fire test:
Tag us on Twitter @BotEatBrain for a chance to be featured here tomorrow.
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AI ART-SHOW
Until next time 🤖😋🧠
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