I wrote this week in regards to the bleak economics of client AI — however the place some see a disaster, others see a possibility. Olivia Moore covers client AI as a associate at Andreessen Horowitz — and on Monday, she launched a report on the top 100 consumer AI apps. ChatGPT remains to be…
Benchmarking has turn into the trade norm for a way AI firms validate their fashions’ capabilities and, when the metrics swing of their favor, stand out from opponents and promote their superiority. In different phrases, good benchmarks just about all the time imply good PR. Sadly, firms have additionally found out learn how to outwit…
Venture capital firm Andreessen Horowitz has expanded its fifth growth fund to $8.5 billion. That means the firm added another $1.75 billion since the fund launched in January with $6.75 billion. The firm’s announcement comes just days after a16z announced it had raised a fresh $1.1 billion for a new and different fund that it’s…
Andreessen Horowitz has launched a new “Machine Age” fund with $1.1 billion raised. The firm’s aim with the new fund is to “open the throttle and accelerate the physical buildout of AI.” The fund will focus on hardware, bucking the firm’s typical focus on the scaling power of software. In a post on the venture…
Institutional adoption may be a big opportunity, but a16z said that it is not simply an extension of DeFi. TradFi institutions are adopting blockchain to improve their existing operations, not because they have embraced decentralization, venture capital firm a16z said in its latest report. The technology helps lower operating costs, speed up settlement, expand distribution,…
Energy storage startup Base Power began selling its massive home battery systems to residents of Illinois yesterday, Canary Media reported. Crucially, it’ll be the startup’s first foray into the grid territory operated by PJM Interconnection, the largest U.S. grid operator by territory, and one that has particularly struggled to cope with an onslaught of new…
