FEDML


Associated tags: MLOps, Privacy, GitHub, AI, Medical device, Software, Machine learning, Artificial Intelligence, Venture Capital, ML, GPU, USC, Professional Services, Cryptocurrency, Data Management, Baidu, Hugging Face, Amazon, Theta, Doctor of Philosophy, Health

Locations: LOS ANGELES, CA, US, CALIFORNIA, UNITED STATES, JAPAN, NORTH AMERICA, ASIA PACIFIC

FEDML Empowers On-Premise AI Innovation at DENSO

Retrieved on: 
Tuesday, April 30, 2024

FEDML , the company providing "Your Generative AI Platform at Scale," today announced its partnership with DENSO, one of the largest automotive suppliers in the world, to empower fully on-premise training, development, and deployment of AI models and applications via FEDML Nexus AI platform .

Key Points: 
  • FEDML , the company providing "Your Generative AI Platform at Scale," today announced its partnership with DENSO, one of the largest automotive suppliers in the world, to empower fully on-premise training, development, and deployment of AI models and applications via FEDML Nexus AI platform .
  • Your Generative AI Platform at Scale – this is the mission that defines FEDML and its commitment to helping enterprises navigate the AI revolution with full ownership and control.
  • FEDML Nexus is an all-in-one powerful AI platform that provides the foundation to build and commercialize any AI application easily, scalably, privately, and economically.
  • Deploying FEDML Nexus AI on-premise enables any enterprise to operate its own AI platform on its infrastructure, ensuring maximum privacy, ownership, and control.

FEDML Nexus AI: The Next-Gen Cloud Services for LLMs and Generative AI

Retrieved on: 
Tuesday, October 24, 2023

Today, FEDML , a rapidly growing startup in artificial intelligence (AI), officially announced the release of FEDML Nexus AI , offering the next generation of cloud services and platform for generative AI.

Key Points: 
  • Today, FEDML , a rapidly growing startup in artificial intelligence (AI), officially announced the release of FEDML Nexus AI , offering the next generation of cloud services and platform for generative AI.
  • “FEDML Nexus AI bridges this gap in the market and provides such capabilities to developers and enterprises.”
    The multi-faceted capabilities of FEDML Nexus AI are as follows:
    GPU Marketplace for AI Development: Addressing the current dearth of compute nodes/GPUs arising due to the skyrocketing demand for AI models in enterprise applications, FEDML Nexus AI offers a massive GPU marketplace with over 18,000 compute nodes.
  • FEDML Launch supports any computing-intensive job for LLMs and generative AI, including large-scale distributed training, serverless/dedicated deployment endpoints, and large-scale similarity search in vector DB.
  • Zero-code LLM Studio: As enterprises increasingly seek to create private, bespoke, and vertically tailored LLMs, FEDML Nexus AI Studio empowers any developer to train, fine-tune, and deploy generative AI models code-free.

FedML Closes $11.5 Million Seed Round to Help Companies Build and Train Custom Generative AI Models

Retrieved on: 
Wednesday, July 19, 2023

Unfortunately, custom AI models are prohibitively expensive to build and maintain due to high data, cloud infrastructure and engineering costs.

Key Points: 
  • Unfortunately, custom AI models are prohibitively expensive to build and maintain due to high data, cloud infrastructure and engineering costs.
  • Moreover, the proprietary data for training custom AI models is often sensitive, regulated and/or siloed.
  • The FedML platform then manages the complex steps to train, serve and monitor the custom LLM models.
  • The $11.5 million seed round includes $4.3 million in a first tranche previously disclosed in March, plus $7.2 million in a second tranche that closed earlier this month.

FedML Secures $6 Million to Unleash “Collaborative AI” for Large-Scale AI Training, Deployment and Customization

Retrieved on: 
Tuesday, March 28, 2023

Because that company and industry data is often sensitive, regulated and/or siloed, traditional cloud-based AI training solutions are not suitable for the task.

Key Points: 
  • Because that company and industry data is often sensitive, regulated and/or siloed, traditional cloud-based AI training solutions are not suitable for the task.
  • “The future of AI depends on large-scale collaboration,” said Salman Avestimehr , co-founder and CEO of FedML.
  • FedML has also signed 10 enterprise contracts spanning healthcare, financial services, logistics, retail, smart city, generative AI and web3 applications.
  • In addition to its breakthroughs in federated learning, FedML believes collaborative AI will be valuable in overcoming the cost and complexity of large-scale AI development.

FedML Powers Private, Scalable, and Collaborative AI in Healthcare Solutions for Konica Minolta

Retrieved on: 
Thursday, March 2, 2023

"It has become clear that machine learning and AI can greatly impact healthcare by improving diagnostics, patient safety, and treatment planning.

Key Points: 
  • "It has become clear that machine learning and AI can greatly impact healthcare by improving diagnostics, patient safety, and treatment planning.
  • According to the recent market research data, the projected market size of AI-based global healthcare solutions is expected to reach $200B+ by 2030.
  • FedML provides the much needed ML platform for developing AI applications in the healthcare ecosystem with isolated and heterogeneous data silos,” said Dr. Jun Amano, Open Innovation Lead at Konica Minolta Business Solutions USA.
  • The partnership will also help strengthening FedML’s platform for further adoptions in the healthcare domain.

FedML announces partnership with Theta Network to empower Collaborative Machine Learning for Generative AI and Ad Recommendation

Retrieved on: 
Thursday, February 16, 2023

Los Angeles, CA, Feb. 16, 2023 (GLOBE NEWSWIRE) -- FedML , a Collaborative/Federated Machine Learning and Edge AI Platform that empowers communities to build and connect AI applications anywhere at any scale, announced today that it will partner with Theta Network to enable collaborative machine learning for Generative AI and content recommendation and advertisement, powered by the Theta edge network.

Key Points: 
  • Los Angeles, CA, Feb. 16, 2023 (GLOBE NEWSWIRE) -- FedML , a Collaborative/Federated Machine Learning and Edge AI Platform that empowers communities to build and connect AI applications anywhere at any scale, announced today that it will partner with Theta Network to enable collaborative machine learning for Generative AI and content recommendation and advertisement, powered by the Theta edge network.
  • Federated Learning is a solution to the data-sharing concern that the public and enterprises have (due to privacy, security, regulations, etc.)
  • While the community would enjoy the benefits of AI in these applications, they still want to keep their private information confidential.
  • Fortunately, FedML allows AI technologies to use these personal datasets without centralizing or transferring the data.