AI Boom Beyond Foundation Models

This is a OpenAI news story, published by MSN, that relates primarily to Gary Marcus news.

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foundation model progress

Fortune

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Legal tech startup Robin AI raises another $25 million—and what that says about the AI boom

Summary

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80% Informative

There's been a lot of talk this past week about whether the progress of general-purpose foundation models might be hitting a wall and what that means for the AI boom.

Some skeptics, such as Gary Marcus , are predicting a reckoning on par with the dotcom crash.

Even if foundation model progress is decelerating, it may not matter as much for companies implementing AI applications for specific industries as it does for companies such as OpenAI whose $157 billion valuation seems largely predicated on achieving artificial general intelligence.

In many cases, these solutions do not require AGI—or even necessarily any further leaps in AI capabilities.

Investors in the new funding round include the venture arm of PayPal and the University of Cambridge .

The company did not disclose its valuation following the latest investment.

Robin AI is also in competition with a lot of deep-pocketed rivals, including Harvey AI , which is backed by OpenAI .

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