OctoML launches OctoAI, a self-optimizing compute service for AI

OctoML launches OctoAI, a self-optimizing compute service for AI

10 months ago
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https://techcrunch.com/2023/06/14/octoml-launches-octoai-a-self-optimizing-compute-service-for-ai/

When OctoML launched in 2019, its primary focus was optimizing machine learning (ML) models. Since then, the company has added features that make it easier to deploy ML models (and raised $132 million). Today, the company is launching the latest iteration of its service — and while it’s not quite a pivot, it does shift the company’s emphasis from optimizing models to helping businesses use existing open-source models and fine-tune them with their own data or use the service to host their own custom models. The new OctoML platform — dubbed OctoAI — is a self-optimizing compute service for AI, with a special emphasis on generative AI, that helps businesses build ML-based applications and put them into production without having to worry about the underlying infrastructure.

“The previous platform was focused on ML engineers and optimizing and packaging the models into containers that could be deployed across different sets of hardware,” OctoML co-founder and CEO Luis Ceze explained. “We learned a ton from that, but the next natural evolution is to have a fully managed compute service that abstracts all of that [ML infrastructure] away.”