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

August 23, 2024: Summary - This week saw a trend toward smaller vertical-specific AI models, with notable releases from Nvidia, Microsoft, and OpenAI. Chinese startups are also adopting smaller models to bypass energy concerns and export controls. Key earnings reports had mixed results; Snowflake fell, while others like Zoom and Synopsys showed gains. AI and data continue to evolve with specialized and fine-tuned models, attracting enterprise interest for cost and privacy benefits. In other news, significant acquisitions and funding rounds emphasized ongoing innovation in AI and data infrastructure. HeadlineSmaller AI Models Gain Ground as Earnings Vary