Dear Inside Community, May is here, which means Meet Our Fund 3 is only a few weeks away. This is the latest installment in our most popular event series where some of the most dynamic venture funds in the industry reverse-pitch themselves to thousands of founders. Register today. We want you to have a free, front-row seat to this virtual event. This is your chance to pose questions directly to investors. Understand what they look for in portfolio companies and how they distinguish themselves when they invest. Don’t miss out when MOF3 goes live on May 24 and 25. —The Inside Team |
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Meta Platforms announced that it's giving researchers free access to a 175-billion-parameter language model, part of a broader effort to "democratize" access to so-called large-language models that generate and respond to text. Meta's model is called Open Pretrained Transformer, or OPT-175B for short. In a pre-print paper, OPT-175B's developers compared the model to GPT-3, but said it used only 1/7 of the carbon footprint to create. More: - OPT-175B is now the largest language model to date to be shared in this manner, including the release of its pre-trained models and the code to train and deploy them.
- Meta said it will release the model under a noncommercial license specifically for research.
- Access will be given to interested researchers along with users in industry labs, government, civil society, and academic organizations, according to Meta.
Zoom-out: - In a blog post, Meta AI researchers said that while the public can sometimes interact with large-language models through paid APIs, full access remains limited to highly "highly resourced labs."
- Restricting access limits the ability of researchers to improve such language models, understand better how they work, and eliminate AI bias, the post said.
- For example, Microsoft exclusively licensed the popular language prediction model GPT-3 from OpenAI, giving it sole access to the underlying code, though the model is accessible to the public through an Azure-hosted API.
MIT TECHNOLOGY REVIEW 
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Audio streaming platform SoundCloud has acquired Musiio, an AI music analysis platform, for an undisclosed amount. Musiio's AI technology rapidly listens and automatically tags music and curates playlists. This can help surface new songs for listeners and potentially identify music trends and popular hits. More: - SoundCloud plans to integrate Musiio into its own music discovery system.
- Musiio will still be able to offer its technology to other organizations.
- Musiio's AI tech can enable users to "better predict success" in the music industry, potentially raising artists' hit rates and their revenue, according to SoundCloud.
- Under the deal terms, Musiio co-founder and CEO Hazel Savage will become VP of music intelligence of the post-acquisition firm.
- Former CTO and co-founder Aron Pettersson will become VP of AI and machine learning.
- Other AI companies in the music space include Snafu Records, Supertone, and Audioshake.
TECHCRUNCH
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 Boston Dynamics announced upgrades to its dog-like quadruped Spot. The robot's five stereo cameras that map its surroundings can now provide full color as well as sharper images and depth data, potentially improving Spot's autonomy. More: - For manual operations, Spot has an upgraded Samsung tablet controller with longer battery life, a bigger screen, and weatherproofing for rain.
- The controller also has a new attachment with joysticks and buttons to better control Spot's optional robotic arm.
- The bot's new system-on-chip enables 5G compatibility and faster on-device AI processing.
- Boston released a video showing Spot performing different industrial tasks, such as scanning equipment with an infrared camera and reading gauges.
- The company will showcase Spot at the Robotics Summit & Expo on May 10-11 in Boston.
Zoom-out: - In June, Hyundai completed its acquisition of Boston Dynamics, giving the carmaker an 80% stake in the robotics firm.
- Boston Dynamics spun out from the Massachusetts Institute of Technology in 1992 and was acquired by Google in 2013 before being sold to SoftBank and then Hyundai.
YOUTUBE
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Traceable AI, a startup that uses machine learning to help protect APIs from threats, raised $60M in a Series B funding round led by Institutional Venture Partners. The cybersecurity firm plans to invest in research, product development, and sales and marketing expansions. More: - The startup's solution covers the entire DevSecOps (development, security, and operations) software lifecycle.
- It's focused on application programming interfaces, or APIs, which are software intermediaries for applications to communicate with each other but are often targeted by hackers.
- According to CEO co-founder Jyoti Bansal, the widespread use of APIs in cloud-native apps has resulted in a much bigger attack surface, making it more challenging to protect the APIs from attacks at scale.
- Traceable's ML algorithms and distributed tracing help in the process of detecting such anomalies and protecting businesses from next-generation attacks, he said.
- San Francisco-based Traceable AI now has a post-money valuation of $450M+.
THE ECONOMIC TIMES
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Galileo, a service that improves datasets and monitors AI model development to mitigate flaws, has emerged from stealth with $5.1M in seed funding. The Factory led the round, with participation from angel investors including Kaggle CEO Anthony Goldbloom. More: - Galileo's software platform is designed to save time in the development of AI systems.
- Before training, developers must scan for errors in the datasets used to train AI systems.
- While the process is normally done manually, Galileo said it can automate many of the aspects of finding and fixing errors in the datasets, saving developers time.
- The startup's goal is to be an "intelligent data bench" so data scientists can rapidly and systematically inspect, fix, and track machine-learning data, said co-founder Vikram Chatterji, who previously worked as a product management lead at Google Cloud AI.
- Some Fortune 500 companies are now testing Galileo's platform. The startup plans to use the latest proceeds to expand its workforce and engineering initiatives.
SILICON ANGLE
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QUICK HITS - B2B businesses are switching to e-commerce. Now, it’s your turn. Learn three persuasive approaches that communicate the value of digital to decision-makers.*
- Eli Lilly and Genesis Therapeutics inked a deal worth up to $670M to use Genesis' AI technology to discover new drug therapies.
- The FDA has cleared iSono Health's ultrasound system, which uses machine learning to quickly deliver 3D images of breast tissue to help detect cancer without a mammogram.
- Dartmouth College researchers trained an AI algorithm to write wine and beer reviews.
- SeedInvest launches a pitch competition for historically underrepresented founders. Over $40,000 in prizes. Pitch to Baron Davis and Jesse Draper. Learn more.*
*This is sponsored content.
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Upcoming Events: - May 05 - [Live Webinar] Women in Sales: How to Build Your Personal Brand to Drive More Sales presented by Introhive (Register Here) *
- May 10 - Giving Voice and Intelligence to Digital Characters with David Colleen (SapientX) (Register Here)
- May 10 - Venturing in VC - Episode #18 with Nik Talreja (Sydecar) (Register Here)
- May 11 - Building Last-Mile Startups: Underground Delivery with Garrett McCurrash (Pipedream Labs) (Register Here)
- May 12 - Making Metaverse Dating a Reality (Register Here)
- May 18 - Need To Know NoCoder: Jatin Arora (Utilize) (Register Here)
- May 19 - Understanding Fractionalization (Register Here)
- May 24 - Meet Our Fund 3 (Register Here)
- May 31 - Ethereum Merge with Anthony Donofrio (Ethereum) (Register Here)
- June 01 - Selling Consumer Goods in Web3 (Register Here)
- June 09 - Empowering Content Creators with No Code (Register Here)
- June 22 - The Future of Open-Source Software Security (Register Here)
- June 30 - HR Strategies to Retain Remote Employees (Register Here)
*This is a sponsored listing.
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 |  | Beth is a writer and analyst at Inside.com covering artificial intelligence and daily tech news. Since starting work at Inside, she has covered various topics including virtual reality, drones, and e-commerce. Prior to that she was a public policy and investigative reporter for The Arizona Republic, where she won a Pulitzer Prize nomination and First Amendment Award for reporting on the rising costs of pensions. Reach her at Beth.Duckett@inside.com. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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