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Woke Google Maps, how Wells Fargo is losing money on fintech, and the global AI race | E1967
This Week in Startups
Localized and Cost-effective LLMs Empowering Language Diversity
A Tokyo-based company, Sakana, founded by DeepMind alumni and Google experts, is raising $100 million at a $1 billion valuation to develop Japanese language large language models efficiently. Their focus on creating language models for Japanese and reducing training costs will enable the production of high-quality LLMs in various languages, leading to a proliferation of best-in-class LLMs globally within the next 12 to 18 months. The project aligns with a growing trend where countries are investing in AI projects to reduce their dependence on American tech giants for language processing, safeguarding economic and political sovereignty.
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