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LONDON - Mindflair plc, an investor in cutting-edge AI technology, has announced its participation in a $2.2 million pre-seed funding round for Inephany Ltd, an AI optimization startup. The funding round, which aims to advance the development of Inephany’s AI-powered optimization platform, was led by Amadeus (BME:AMA) Capital Partners (WA:CPAP), with contributions from Sure Valley Ventures and AI luminary Professor Steve Young.
Inephany’s platform is designed to transform the training and fine-tuning of neural networks, including Large Language Models (LLMs), which are currently hindered by high computing and energy costs. The startup’s innovative system proposes to manage the training process in real-time through AI-driven optimization, potentially reducing the time and expense involved in developing advanced AI models.
The technology Inephany is developing promises to improve efficiency, speed up training, and enhance model performance while decreasing computing expenses. This could lead to more sustainable and scalable AI development. Initially focusing on LLMs, the platform’s potential applications span various AI domains, such as financial forecasting and autonomous systems’ computer vision.
Inephany also plans to extend its optimization methods to the computational processes at inference time, aiming to make sophisticated AI more accessible and spur innovation across multiple sectors.
Nicholas Lee, Director of Mindflair plc, expressed enthusiasm about Inephany’s inclusion in their AI-focused investment portfolio, emphasizing the significance of generative AI in the industry.
The investment by Sure Valley Ventures UK Software (ETR:SOWGn) Technology Fund (SVV2), in which Mindflair has an investment, marks an important step for Inephany as it seeks to address key challenges in AI development.
This announcement, attributed to a press release statement, highlights Mindflair’s strategic investment in a startup poised to contribute to the evolution of AI technology.
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