MosaicML takes on OpenAI with a groundbreaking open-source language model
June 22 2023
San Francisco-based startup MosaicML has introduced its cost-effective language model, MPT-3OB, which aims to revolutionize AI in enterprise applications. Trained at a cost of $700,000, MPT-3OB offers a more affordable and powerful alternative for businesses seeking natural language processing models for applications such as dialog systems, code completion, and text summarization. MosaicML’s goal is to make advanced AI more accessible and empower users with AI tools through open-source technology. The startup’s dedication to providing lower-cost models with enhanced data quality positions it to compete in the market for large language model technologies while making AI more valuable for businesses worldwide.
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What does it mean?
- Natural language processing: A subfield of artificial intelligence that focuses on enabling computers to understand, interpret, and generate human language in a way that is both meaningful and useful.
- Code completion: A feature in programming software that helps developers write code more efficiently by automatically suggesting and inserting relevant code fragments based on what the developer is typing.
- Text summarization: A process in natural language processing that aims to create a shorter version of a long piece of text while preserving the core information and main ideas.
- Open-source technology: Software or other technological products that make their source code publicly available, allowing anyone to view, use, modify, and distribute the code.
- Large language model: A type of advanced artificial intelligence model that is specifically designed to understand and generate human language at a massive scale by leveraging large amounts of training data and powerful computational resources.