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Modular secures $100M to build tools to optimize and create AI models

TechCrunch

Bringing Modular’s total raised to $130 million, the proceeds will be put toward product expansion, hardware support and the expansion of Modular’s programming language, Mojo, CEO Chris Lattner says. ” Ambitious much? But none of what roughly-70-employee Modular is proposing is out of the realm of possibility.

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Synthesis AI raises $17M to generate synthetic data for computer vision

TechCrunch

Unsurprisingly, Gartner predicts that 60% of the data used for the de­vel­op­ment of AI and an­a­lyt­ics projects will be synthetic by 2024. One survey called the use of synthetic data “one of the most promising general techniques on the rise in [AI].” ” But synthetic data has limitations.

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