AI FOMO.

Honey, I shrunk the model.

Nvidia's strategy.

 

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June 26, 2024

‘Embrace the s^ck’

Hi there, 

 

“We started as delivery drivers.”

 

This is from the DoorDash application to YC in 2013.

doordash image

Today, its market cap is $46.5B.

 

I love this because it underscores that especially in the beginning, just simple brute force is often the best and only way to go.

 

There is no system, no algorithm, no process, etc.

 

It is not effortless. 

 

In fact, it's all effort.

 

When we started CB Insights, the first 50,000 financing and M&A transactions were done by hand in a giant spreadsheet.

 

It was just manually copy/pasting data about transactions from various sources into rows & columns.

 

We could have waited to find an engineer who could automate that or we could just get going.

 

And the reality was that those 50,000 rows served as invaluable training data for the eventual machine learning algorithms we built to automate our data extraction efforts.

 

Sometimes, you gotta “embrace the suck.”

 

Separately, if you’re curious where Y Combinator is investing today, we got you here.

 

On the road

 

AI FOMO is real.

 

Enterprises are racing to overhaul their infrastructure to support the deployment and management of genAI models.

 

They are increasingly turning to AI development platforms for their AI needs — from data preparation, training, and validation to model deployment and continuous monitoring.

 

We spoke with 50+ buyers of these platforms — like Databricks, Hugging Face, and Scale AI — to understand:

  • How they’re deploying AI models
  • What they’re paying
  • What the future holds for the landscape

Explore our findings in our Enterprise AI Roadmap report.

EnterpriseAIRoadmap-FI 062024 2-1

Big things, small packages

 

One key finding from our Enterprise AI Roadmap report is that small and task-specific models are coming into focus.

 

These models are faster to train and cheaper to run than generic models — and startups like Predibase and Glaive are helping enterprises leverage them.

 

While opportunities are opening up for these startups amid the genAI rush, challenges remain. 

 

Learn more by digging into our in-depth scouting reports on Predibase and Glaive.

glaive scouting report

Rise up

 

Amid the generative AI rush, Nvidia has grown rapidly.

 

In fact, the chipmaker briefly became the most valuable company in the world last week.

 

To bolster its leadership position and keep ahead of AI computing competitors like AMD and Intel, Nvidia has forged relationships with companies across the AI landscape.

 

From AI infrastructure to quantum computing, we break down Nvidia’s growth strategy here.

nvidia strategy map June 2024

AI want to be with you everywhere

 

Financial services firms face a unique set of challenges. 

 

For example, describing and marketing financial products to customers is often difficult. 

 

And it can be tricky to streamline/automate internal processes due to their complexity.

 

Generative AI is helping financial institutions address these tasks — and you can learn how in this research brief.

genai financial services june 2024

Industry Standard

 

Wall Street Journal. Belle Lin (@bellelin_) dives into the AI boom and mentions CB Insights research.

 

Financial Times. Hannah Murphy (@MsHannahMurphy) covers LLM security and cites CB Insights research.


Wall Street Journal. Lisa Ward discusses startups in Silicon Valley and cites CB Insights data.

 

I love you. 

 

Anand 

@asanwal 

 

P.S. Insurtech 50 applications are due on July 11. Get yours in today.

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