*By Carlo Versano*
Paperspace wants to make artificial intelligence more accessible, according to its co-founder and CEO Dillon Erb.
Erb told Cheddar Tuesday that artificial intelligence is still so new and complex that mainstream companies find the tech difficult to harness.
Although A.I. is a "fundamentally transformative technology," he said, "the tools haven't really been built yet to make it accessible for most applications."
The Brooklyn-based cloud-computing start-up just closed a $13 million Series A funding round to build up its machine learning toolkits, which it sells to other companies looking to develop their own machine-learning platforms or products ー think A.I.-as-a-service.
Erb said he will use a portion of the new financing to market a product offering called "Gradient," which is, essentially, A.I. in a box.
Developers and data scientists can use Gradient to run A.I. and deep learning tasks without having to install or build out their own infrastructure.
One of the current roadblocks in modern machine learning is that it requires a great deal of processing power, and "actually harnessing that power is incredibly difficult," according to Erb. Gradient helps solve that problem by doing the computing without a dedicated server. Erb said his product will make it easier for smaller, "nimble" companies that want to run machine-learning experiments, but don't have the resources to do it on their own networks.
Erb would not reveal any of the clients Paperspace serves, though he said his company touches industries as varied as robotic simulation, cancer research, and media. But most consumers will probably never interface directly with Paperspace's products.
In the vein of the early computer coders, Paperspace is building the backbone that may support our interactions with machines in the future.
"We're kind of behind the scenes a bit," Erb said.
He plans on keeping it that way.
For full interview [click here](https://cheddar.com/videos/paperspace-works-toward-accessible-a-i-with-13-million-funding-round).
One of the most self-made and success stories in the country, Emma Grede, has worked along with the Kardashian Jenner family on many of their best-known brands. Grede, CEO and co-founder of Good American, gave back to the next generation of business leaders as a featured speaker at the Chase for Business Make Your Move summit last week. She spoke with Cheddar News about her career, her company's fashion brand, working with the famous Kardashian-Jennifer family and balancing her own family life.
Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.
Elon Musk's company XaI has announced a new chatbot called Grok.
SAG-AFTRA said over the weekend that it received the studios' last best and final offer following a meeting on Saturday, with the union saying it's reviewing it and considering a response "within the context of the critical issues addressed in our proposals."
Stocks rose slightly as Wall Street looks to continue its momentum with earnings season winding down.
Tyson Foods is recalling about 30,000 of its dino-shaped chicken nuggets after some consumers reported finding small metal pieces in those nuggets.
Google on Monday will try to protect a lucrative piece of its internet empire at the same time it’s still entangled in the biggest U.S. antitrust trial in a quarter century.
Before the SAG-AFTRA strike, this was the weekend “Dune: Part Two” was supposed to open. When Warner Bros. and Legendary pushed that opening back to March 2024 and no other blockbuster stepped in to take its spot.
A growing number of Californians are planting agave to be harvested forz use in spirits. The trend is fueled by the need to find hardy crops that don’t need much water and a booming appetite for premium alcoholic beverages.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. This week we highlight Paramount, Maersk, Starbucks, Uber, Lyft and Beyond Meat.
Load More