Beyond OpenAI: The rise of not-too-large language models

August 23, 2024: ## VLMs Rise: Tailored AI Models Gain Traction - Smaller language models designed for specific industries are gaining momentum. Nvidia and Microsoft have released new VLMs, with OpenAI offering GPT-4o fine-tuning. Chinese firms adopt cloud solutions to bypass export controls. AMD acquires ZT Systems to compete with Nvidias GPUs. Infrastructure observability and other tech sectors see substantial funding and positive earnings reports. However, Snowflakes shares drop due to revenue concerns. Notably, Autonomys Mike Lynch tragically died at sea. Upcoming events include VMware Explore and key earnings announcements from numerous tech giants.