CM Weekly: DBRX, Enterprise Usage of AI, and PMF
Chris McCann's weekly newsletter on technology, startups, and venture capital.
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Written by Chris McCann, General Partner @ Race Capital. More about me.
šļø Interesting Reads
Databricks released their newest open source LLM named DBRX which reportedly cost $10M and 2 months to train from scratch a GPT 3.5 level model. Not bad for open source.
A report on enterprise buying/usage of generative AI. Some takeaways: Budgets for AI are moving from experimental to recurring, enterprises prefer using more than one model, enterpriseās like open source for control, internal use cases are easier to implement vs external.
Accenture Generative AI bookings in the last 4 quarters were $100m, $200m, $450m, and $600m.Ā
How to think about product market fit for very early stage startupsĀ
While still a low base, startup deciding to shut down are on the rise in 2024Ā
š„ Startup Jobs
By Company: Databricks, GoodNotes, Zeet, Polysign, Opaque, Lightning Labs, OtterTune, and more
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By Location: SF Bay Area, New York, London, and Remote
Browse more open roles across our portfolio at Race Capital's Portfolio Job Board.
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