This Next Billion-Dollar Tech Startup Lets You Build AI Models Cheaper And Faster

Companies sprinting to launch AI applications all run into the same hurdle: computing power and its cost. To scale from thousands of customers to millions, you must foot a big bill. That’s where CEO Lin Qiao and Fireworks AI comes in. The startup aims to help businesses ship new AI products in as few as five days at minimal cost. It does so by offering a better way to train AI models, which squeezes higher performance from existing hardware, reducing the need to spend more money on fancier graph- ics processing units (GPUs). See the full Next Billion-Dollar Startups list on Forbes: https://www.forbes.com/sites/amyfeldm... Subscribe to FORBES: https://www.youtube.com/user/Forbes?s... 0:00 - Introduction: What is Fireworks AI? 0:52 - Explaining Generative AI: The Next Great Tech Wave 3:00 - The Mission: Launch AI Ideas in 5 Days, Not 5 Years 5:29 - Who Uses Fireworks AI? From Startups to Enterprise 7:25 - How We're Different From OpenAI 9:43 - Our Go-to-Market Strategy 10:48 - Our Unique Fundraising Strategy: VCs & Tech Giants 13:00 - Product Design Lessons I Learned at Meta 15:02 - Our Vision: The 'Compound AI System' 18:29 - The Goal for Next Year: 10x Our Customers Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: https://account.forbes.com/membership... Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter:   / forbes   Forbes Video on Instagram:   / forbes   More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.