(Reuters) - MosaicML, an artificial intelligence startup founded by former Intel Corp executives and academic researchers, released on Wednesday two new products aimed at beating industry giants such as OpenAI on price.
San Francisco-based MosaicML, which has raised $64 million to date, launched in 2021 with a suite of software tools designed to make it cheaper to carry out artificial intelligence work, which often involves training AI algorithms on huge troves of data using expensive computer chips. The company makes money selling the tools to firms that want to develop their own customized AI systems.
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