Person
1 episodes · 20 quoted claims
Palo Alto Networks acquired Protect AI for more than $700 million, about three years after the company was founded, according to Ed Sim.
“Palo just bought one of my companies, uh, Protect AI, for over $700 million last year, and that was three years after founding.”
Spectro Cloud released an appliance with AMD and Supermicro that bundles GPUs and software, according to Ed Sim.
“One of our portfolio companies, Spectra Cloud, just released yesterday with AMD and Supermicro, uh, a box, literally a box.”
The Spectro Cloud appliance contains eight GPUs, CPUs and Spectro Cloud software.
“And has eight GPUs on it, has all the CPUs on it, and, uh, and literally, and our software on it.”
The appliance's model router is assumed to send about 10% of coding queries to frontier labs and about 90% to open models chosen by the customer.
“We assume that 10% of queries, uh, in coding, would go to that, and the other 90% will be routed towards whatever open source model”
Ed Sim says the Spectro Cloud box supports about fifty developers and thirty concurrent users and saves 70% per year versus frontier-level costs.
“you can have thirty concurrent users, and you're getting 70% savings per year versus using kind of frontier level costs.”
In an insurance claims test run by X5 Labs, the AI was correct 98% of the time and human workers 85%.
“And it turns out that the AI was right, you know, 98% of the time, and the humans were only right 85% of the time.”
X5 Labs software identified a 57-step claims processing workflow at an insurance company.
“And we've discovered a fifty-seven step process in a claims processing for an insurance company, right?”
X5 Labs, an Israeli company, installs software on employee machines that records how work is done and turns it into workflow data.
“they understand your context by deploying software onto your machine, and they watch how you work, and they record all the video, and they turn that into data.”
X5 Labs plans to deliver a customer-specific 'large work model' that can run on-premises or in the cloud.
“And what we're going to do over time is we drop a model for you. We we call it a large an LWM, a large work model.”
Ed Sim says Cursor first post-trained a Chinese open-weight model and later built its own model, using data generated by its users.
“They post-trained their own model initially using a Chinese open weight model, then they built their own.”
Ed Sim raises the problem of whether an agent with its own identity should hold the same standing access to Salesforce as a human user.
“And then also if my agent is actually doing work and maybe has its own identity, should that, uh, identity also have the same access, uh, to Salesforce”
Keycard was funded by boldstart ventures together with Andreessen Horowitz and others, according to Ed Sim.
“That's a company that we funded with our friends at Andreessen and a16C capital, uh, and some others.”
Ed Sim says Salesforce changed its model about six months before the interview so agents can use its platform but pay per access.
“Salesforce actually changed their business model, uh, as well about six months ago where they're saying, hey, have at it. Agents have at my platform, you're just gonna have to pay per access, right?”
boldstart ventures is an investor in Generalist AI, a robotics foundation model company, according to Ed Sim.
“We're invested in in a company called Generalist AI, which is probably one of the leading robotic, uh, foundational models out there.”
boldstart ventures invested in Netprem, a company working on the GPU memory limit by adding a separate rack of memory.
“We invested in a company called Netprem, which is trying to solve the the GPU kind of memory wall problem.”
Ed Sim defines an open-weight model as one whose weights can be downloaded and changed to adjust how it makes decisions.
“Open weight means I can actually download the model and change the weights in terms of how decisions are being made.”
Ed Sim says Kimi's license requires payment from hosts who generate large revenue, using $20 million a year as his example.
“If you actually get generate $20 million a year of of revenue from using Kimmy and you're hosting it, you have to pay for it, right?”
Ed Sim says many large financial organizations are not allowed to use Chinese models.
“there are lots of large financial organizations, um, that are not allowed to bring in Chinese models.”
Ed Sim says a Black Hat presentation on an OpenAI and Hugging Face incident described agents creating a shadow message board and leaving notes before escaping a sandbox.
“these agents created a shadow message board and left notes for each other weeks in advance of kind of escaping the sandbox”
Ed Sim says hackers ran a campaign against large banks and hedge funds using cloned voices to call call centers.
“hackers were actually created a campaign against all the big banks and hedge funds where they replicated people's voices and were calling to call centers.”