#Pruna AI open sources its AI model optimization framework

#Pruna AI open sources its AI model optimization framework

Pruna AI, a European startup that has been working on compression algorithms for AI models, is making its optimization framework open source on Thursday. Pruna AI has been creating a framework that applies several efficiency methods, such as caching, pruning, quantization and distillation, to a given AI model. “We also standardize saving and loading the…

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#ClearGrid, armed with a fresh M, is developing AI to improve debt collection in MENA

#ClearGrid, armed with a fresh $10M, is developing AI to improve debt collection in MENA

Debt collection in emerging markets often feels outdated and can be costly — damaging borrower trust. As consumer lending surges and regulators push for fairer practices, legacy collection outfits are struggling to maintain pace. ClearGrid aims to help modernize debt collection — and recovery — with AI. The Dubai-based startup, which is emerging from stealth…

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#Nvidia reportedly acquires synthetic data startup Gretel

#Nvidia reportedly acquires synthetic data startup Gretel

Nvidia has reportedly acquired Gretel, a San Diego-based startup that’s developed a platform to generate synthetic AI training data. Terms of the acquisition are unknown. The price tag was said to be nine figures, exceeding Gretel’s most recent valuation of $320 million, according to Wired. Gretel and its team of roughly 80 employees will be folded…

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#xAI launches an API for generating images

#xAI launches an API for generating images

Elon Musk’s AI company, xAI, has added image generation capabilities to its API. Only one model is available in the API at the moment, “grok-2-image-1212.” Given a caption, the model can generate up to 10 images per request (limited to 5 requests per second) in JPG format, priced at $0.07 per image. For comparison, AI…

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#Intel could be in for significant changes as Lip-Bu Tan takes on CEO role

#Intel could be in for significant changes as Lip-Bu Tan takes on CEO role

Intel’s new CEO Lip-Bu Tan seems ready to get right to work to turn around the struggling company.  The semiconductor giant’s new executive is considering sweeping changes for the company’s chip manufacturing and AI strategies, according to Reuters, including cutting middle management staff and revamping the company’s approach to manufacturing chips. Tan reportedly told company…

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