Enterprise Weekly #425: Memory Upgrades, Drive-Thru Chatbots, and More
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Enterprise Weekly #425: Memory Upgrades, Drive-Thru Chatbots, and More
Per usual, it’s been another big week in AI news.
Memory is an integral part of text generation models, and to date, OpenAI’s GPT models have the attention span of a goldfish. Whenever the model generates a response, it only accounts for a finite amount of text, limiting its ability to summarize or create larger pieces of content.
Yesterday, AI research company Anthropic dropped its latest upgrades to Claude, their flagship text-generating AI model. With these updates, Claude expanded its number of tokens from 9,000 to 100,000 tokens, or in human terms, up to 75,000 words! This one ups OpenAI’s GPT-4 model, which clocks in at 32,000 tokens.
Anthropic called out a few use cases for the technology including the ability to summarize and explain dense legal, financial, and research documents, analyze strategic risks and opportunities for a company based on its annual reports, and even prototype designs by dropping an entire codebase into the context and intelligently build on or modify it, among others.
Only time will tell how big of an advancement Anthropic’s upgraded Claude model is as research institutions, cloud giants, and open source contributors continue to vie for the limelight.
Perhaps most importantly, Wendy’s rolled out a new chatbot meant to streamline the drive-through ordering experience. Wendy’s software engineers have been working with Google to build and fine-tune a generative AI application on top of Google’s own large language model. The model includes customized words and phrases and can even understand abbreviations like “JBC” for Junior Bacon Cheeseburger. The chatbot will be officially rolled out to company-owned locations in Columbus Ohio. This begs the question, how much increased traffic is Columbus going to see in the coming weeks?
🍻 On our event front:
[May 16th] NY Enterprise Tech Meetup on “LLMs in the Enterprise” with Arthur, MosaicML, Morgan Stanley, and JPMorgan Chase.
[May 18th] “Taco Tuesday” with ML / Infra founders and operators from companies like Instacart, Spotify, Pinterest, Adept, Uber, and more.
[May 23rd] Annual Developer Happy Hour for 100+ of NYC’s top developers and engineers in the Enterprise world. Space is limited, so please apply for a spot here.
✍️ On our content front, we’ve been busy writing both technical and tactical posts (our two favorite kinds of posts!):
[Research] A Primer on Nix - Reproducible Builds and Deployments
[Playbook] A Formula For Pitching CIOs
[Playbook] Qualifying Opps & Forecasting
[Playbook] 3 Proven Community Strategies to Grow Open Source Businesses
📚 Read more news:
Bloomberg: AI Is the Hot Topic on Earnings Calls This Quarter
Crunchbase: Laid-Off Tech Workers Roll The Dice In Iffy Funding Market To Start Their Own Companies
CNBC: Alphabet To Unveil A.I. Updates at Google I/O, Showing Off Creative Writing and Coding Capabilities
WSJ: Workers Now Spend Two Full Days a Week on Email and in Meetings
Top (th)reads:
Company: Pronto
Role: Head of Marketing (Growth)
Technology: Partner Ecosystem Management
Funding: $4M from Work-Bench, Vertex Ventures, Firebolt Ventures, Tau Ventures
🌟 Company of the Week 🌟
Antimetal raises $4.3M led by Framework Ventures
Infrastructure / Dev Tools • Seed • New York, NY
Founder: Co-founder & CEO, Matthew Parkhurst, Co-founder & CTO, Shreyas Iyer
Spendkey raises $452K led by Fuel Ventures and Scalebridge Capital
Future of Work • Pre-Seed • London, UK
BurnerPage raises $2M led by LDV Capital
Sales / Marketing • Pre-Seed • New York, NY
CloudBurst Technologies raises $3M led by Strategic Cyber Ventures
Risk / Security • Seed • New York, NY
Tenon raises $3M led by High Alpha and Service Now Ventures
Sales / Marketing • Seed • Indianapolis, IN
Antimetal raises $4.3M led by Framework Ventures
Infrastructure / Dev Tools • Seed • New York, NY
Orby AI raises $4.5M led by Pear VC, NEA and Wing VC
Data / AI / Machine Learning • Seed • Sunnyvale, CA
PostgresML raises $4.7M led by Amplify Partners
Data / AI / Machine Learning • Seed • San Francisco, CA
Unity SCM raises $8M led by Vertex Ventures Israel
Future of Work • Series A • Tel Aviv, Israel
Salsa raises $10M led by Greycroft and Better Tomorrow Ventures
Future of Work • Seed • San Francisco, CA
Firebase raises $12M led by Meron Capital
Future of Work • Venture • Tel Aviv, Israel
Instruqt raises $16.5M led by Blossom Capital
Data / AI / Machine Learning • Series A • North Holland, Netherlands
Hirevue acquires Modern Hire for an Undisclosed Amount
Future of Work • Acquisition • Salt Lake City, UT