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title: teeny tiny OpenAI
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| Next top models. Sorting hat says IPO. ChatGPT but not ChatGPT.   View in browser July 25, 2024 Little giants Hi there,    Here is this week's Hot or Not.   Hot: Small language models   Last week, 3 heavy hitters in AI released small language models: OpenAI, Hugging Face, and Mistral AI in partnership with Nvidia.    It’s part of a growing trend we’ve been tracking of companies making models lighter-weight to bring them to more devices and a wider range of applications. Here’s what you need to know. Not: Wiz deal   Remember when Wiz was gonna be Google's largest M&A ever?   Yeah. Me too.   On Monday, Wiz walked away from the $23B deal saying it would pursue an IPO.   I hope no Wiz employees went out and bought Ferraris prematurely.  We broke down what the deal would have meant for Wiz and the cybersecurity sector here — and check out Google’s biggest acquisitions of all time here. Hot: Custom LLMs   LLM developer Cohere recently announced that it raised a $500M Series D at a $5.5B valuation.   This points to the broader trend of genAI investors favoring B2B business models. Unlike its competitors, like OpenAI, Cohere doesn’t offer consumer-facing chatbots.   Rather, it’s focused on selling customized LLMs to businesses.   Its ability to tailor these models to specific tasks is a major selling point for buyers, like this AI leader at a fintech startup. CBI customers can dig into additional buyer perspectives on Cohere right here.   Not: Ford’s EVs   Ford Model e — its electric vehicle division — recorded a $1.1B loss in its latest quarter.    As it continues to face pricing pressures, the company is focused on developing lower-priced EVs in the $30-$40k range. We map out Ford and 14 other automakers’ evolving tech strategies here. I love you.   Anand  @asanwal  P.S. Want to dive into the AI strategies of the world’s largest companies, like Toyota, JPMorgan, and Johnson & Johnson? We got what you want in this report. Get started with CB Insights Start your free trial CB Insights' emerging technology insights platform provides all the analysis and data from this newsletter. Our data is the easiest way to discover and respond to emerging tech.  Was this email forwarded to you? Sign up here Copyright © 2024 CB Insights, All rights reserved. 498 7th Avenue, NY, CB Insights, New York,10018 About Us \| Update Preferences \| Research \| Newsletter |
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