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Construction tech startups are poised to shake up a $1.3-trillion-dollar industry

TechCrunch

In the wake of COVID-19 this spring, construction sites across the nation emptied out alongside neighboring restaurants, retail stores, offices and other commercial establishments. Amidst the chaos, construction firms faced an existential question: How will they survive? Construction is a massive, $1.3

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GlobalFair secures new cash to simplify procuring construction materials

TechCrunch

The construction materials market is fragmented, according to GlobalFair CEO Shaily Garg, because it involves layers of both supply chain and logistics complexities. construction contractors. “Across the world, global supply chain challenges are resulting in construction delays and labor shortages.”

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Hong Kong-based viAct raises $2M for its automated construction monitoring platform

TechCrunch

Hong Kong-based viAct helps construction sites perform around-the-clock monitoring with an AI-based cloud platform that combines computer vision, edge devices and a mobile app. Founded in 2016, viAct currently serves more than 30 construction industry clients in Asia and Europe. Construction tech startups are poised to shake up a $1.3-trillion-dollar

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a16z leads $6.5M seed round for Adaptive, a construction software and fintech play

TechCrunch

In the construction business, time is money. But with so many moving parts, it can be extremely challenging for construction companies to manage the administrative aspects of their finances. Adaptive , an 11-month-old startup that has set out to give construction teams better tools to manage their back offices, has raised $6.5

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TechCrunch+ roundup: Construction tech survey, founder-CEO friction, diversify your cap table

TechCrunch

The technological advances we’ve made over the last few thousand years are stunning, but the construction industry still relies on centuries-old technology. Even so, investors are backing startups bringing robotics, data management, automation and augmented reality into the construction process. Heinrich Gröller, partner, Speedinvest.

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Efficient continual pre-training LLMs for financial domains

AWS Machine Learning - AI

Large language models (LLMs) are generally trained on large publicly available datasets that are domain agnostic. For example, Meta’s Llama models are trained on datasets such as CommonCrawl , C4 , Wikipedia, and ArXiv. The resulting LLM outperforms LLMs trained on non-domain-specific datasets when tested on finance-specific tasks.

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Upcoming Webinar: Scrum In Construction

scruminc

Scrum in Construction: A Better Way To Design, Plan, and Build. This free webinar explores how and why construction projects done with Scrum are safer, come in under budget, and finish early. Scrum in Construction: A Better Way To Design, Plan, and Build. Agile and Scrum are revolutionizing construction. Register Now.