open source

AI and data infrastructure drives demand for open source startups

A new report highlights the demand for startups building open source tools and technologies for the snowballing AI revolution, with the adjacent data infrastructure vertical also heating up. Runa Capital, the venture capital (VC) firm that upped sticks from Silicon Valley and moved its HQ to Luxembourg in 2022, has published the Runa Open Source Startup […]

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Why Elon Musk’s AI company ‘open-sourcing’ Grok matters – and why it doesn’t

Tech / By Jessica Russell

Elon Musk’s xAI released its Grok large language model as “open source” over the weekend. The billionaire clearly hopes to set his company at odds with rival OpenAI, which despite its name is not particularly open. But does releasing the code for something like Grok actually contribute to the AI development community? Yes and no.

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xAI open-sources base model of Grok, but without any training code

Tech / By Jessica Russell

Elon Musk’s xAI has open-sourced the base code of Grok AI model, but without any training code. The company described it as the “314 billion parameter Mixture-of-Expert model” on GitHub. In a blog post, xAI said that the model wasn’t tuned for any particular application such as using it for conversations. The company noted that

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Lago, a Paris-based open source billing platform, banks $22M

Tech / By Jessica Russell

A startup out of Paris that began life building marketing tools has raised $22 million after making a successful pivot into billing — a space it discovered was even more broken among potential customers. Lago, developer of an open-source billing platform, has picked up the funding across two rounds of funding it’s revealing to coincide

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Elon Musk says xAI will open-source Grok this week

Tech / By Jessica Russell

Elon Musk said Monday he will open-source Grok, X’s AI chatbot rivaling ChatGPT, this week, days after suing OpenAI and complaining that the Microsoft-backed startup had deviated from its open roots. Musk’s AI startup xAI released Grok, featuring “real-time access” to information, last year. The service is available to customers paying for X’s subscription. This is developing

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The Dark Side of Open Source AI Image Generators

Science / By Jessica Russell

Whether through the frowning high-definition face of a chimpanzee or a psychedelic, pink-and-red-hued doppelganger of himself, Reuven Cohen uses AI-generated images to catch people’s attention. “I’ve always been interested in art and design and video and enjoy pushing boundaries,” he says—but the Toronto-based consultant, who helps companies develop AI tools, also hopes to raise awareness

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Singapore-based fintech Xalts acquires digital trade platform Contour Network

Tech / By Jessica Russell

In a role reversal, Xalts, a Singapore fintech startup founded 18 months ago, has acquired Contour Network, a digital trade platform set up by eight major banks including HSBC, Standard Chartered and BNP. Terms of the deal were undisclosed, but the acquisition price was in the high single millions and composed of cash and stock.

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Struggling database company MariaDB could be taken private in $37M deal

Tech / By Jessica Russell

MariaDB is the subject of another potential takeover bid, as the company behind the eponymous open source relational database management system (RDBMS) confirmed it had received a provisional offer from California-based K1 Investment Management. K1 quietly revealed on Friday that it had tabled what is known as an “unsolicited non-binding indicative proposal” for MariaDB, which

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