Artificial Intelligence: Andreessen Horowitz Extends Its Support To Open Source AI Developers With Grants Program

The grants are not an investment or SAFE note.
Storied venture capital firm Andreessen Horowitz has announced the a16z Open Source Grant Program to support open source AI developers by way of “giving them the opportunity to continue their work without the pressure to generate financial returns.”
In a blog post detailing the program, Andreessen Horowitz clarified that the grant funding was “not an investment or SAFE note.”
The firm said that a thriving ecosystem was emerging, presenting open source models that can compete with closed-source alternatives.
It comprised numerous individuals and small teams who are enhancing these models for accessibility, performance, and utility, driving innovation in the realm of open source AI. Their projects encompass a range of advancements, from refining LLMs through instruction tuning to eliminating censorship in LLM outputs, optimizing models for low-powered devices, and creating novel tools for model inference.
However, despite these efforts, many project creators face resource constraints that hinder the completion and maintenance of their work, which is particularly pronounced in AI due to the demanding computational needs of model fine-tuning.
“We believe artificial intelligence has the power to save the world,” said Andreessen Horowitz, justifying its move to “help close the resource gap” faced by open source AI developers.
The program’s initial batch of grant recipients and projects include diverse endeavors such as instruction-tuning LLMs on synthetic data, fine-tuning uncensored LLMs, optimizing foundation models for specific applications, localizing LLMs through quantization, creating a high-throughput LLM inference library, developing new fine-tuned language models, designing a web UI and platform for local LLMs, and establishing synthetic data pipelines for LLM training.
These recipients are recognized for their contributions in fostering collaboration, learning, and advancement within the AI field.
Related Story: Andreessen Horowitz Launches ‘a16z START,’ A Startup Accelerator
Photo by Markus Spiske on Unsplash

Latest Alternative Investment News

Digital Assets: Epic Lays Off 830 Employees As Metaverse Underperforms
Earlier today, Tim Sweeney, the head of Epic Games, shared an email with the company’s employees, announcing some significant changes within the organization. In this message, Sweeney discussed the necessity…

Artificial Intelligence: Mysterious US-Based Books3 Dataset Used To Train AI Was A Massive Trove Of Pirated Books
Thousands of books penned by some of Australia’s most esteemed authors may have fallen victim to what Booker prize-winning novelist Richard Flanagan has described as “the biggest act of copyright…

FinTech: Ant’s Chongqing Consumer Finance Arm Raising $616M To Ramp Up Loans
Chongqing Consumer Finance, the consumer finance arm of Ant Group, a prominent player in China’s financial technology landscape, is currently in the process of raising a substantial sum of fresh…

Venture Capital: Mercury’s Fund V Mops Up $160M For US Startups “Between The Coasts”
Mercury Fund, the premier early-stage venture firm with a focus on non-coastal tech hubs, has successfully closed its largest fund to date, Mercury Fund V, with a total capital commitment…