fireworks-ai

Introducing Fireworks-AI-Up-to-16B: The Next Evolution in Generative AI

Tal Peretz

Sep 19, 2024 — 2 min read

Fireworks AI is revolutionizing the world of generative AI with its state-of-the-art platform and compound AI systems. Recently, the company has caught the attention of the tech world, thanks to its impressive advancements and strategic partnerships. Let's dive into what makes Fireworks AI a game-changer in the AI industry.

Funding and Valuation

Fireworks AI raised an impressive $52 million in a Series B funding round led by Sequoia Capital, which now values the company at $552 million. Other notable investors include NVIDIA, AMD, and MongoDB Ventures, showcasing strong industry confidence in Fireworks AI's potential.

Advanced Technology and Platform

Fireworks AI's platform offers a comprehensive suite for running and fine-tuning generative AI models across various formats, including text, image, audio, embedding, and multimodal. The platform excels in latency, throughput, and cost-efficiency, making it a preferred choice for developers and enterprises alike.

Customization and Performance

One of the standout features of Fireworks AI is its ultra-fast LoRA fine-tuning, which allows developers to customize models using minimal data and deploy them in mere minutes. The platform boasts up to 4X lower latency compared to popular open-source LLM engines and delivers up to 12X faster inference times compared to vLLM and 40X compared to GPT-4.

Hardware and Strategic Partnerships

Fireworks AI leverages cutting-edge hardware, including NVIDIA H100 and A100 Tensor Core GPUs via Amazon EC2 P4 and P5 instances, to achieve unparalleled performance and low latency. The company also partners with major cloud providers, facilitating seamless deployment into existing virtual private clouds.

Compound AI Systems

Fireworks AI is pioneering compound AI systems, which integrate multiple models and data sources for enhanced functionality and scalability.

FireFunction V2

This open-weight function-calling model orchestrates across various models, external data, and knowledge sources. It integrates with multiple tools and frameworks, enabling scalable multi-inference workflows.

FireOptimizer

FireOptimizer is an adaptation engine designed to customize latency and quality for production inference, ensuring optimal performance in real-world applications.

Diverse Customer Base

Fireworks AI serves a wide range of customers, from enterprises like Uber, DoorDash, Upwork, and Quora to AI-native startups such as Cursor, Superhuman, and Sourcegraph. This diverse customer base underscores the platform's versatility and effectiveness in various industries.

Vision and Future Plans

Fireworks AI aims to lead the industry shift towards compound AI systems, focusing on delivering the best platform for deploying AI into production. The company plans to further enhance its platform, expand its team, and continue innovating with new products like FireOptimus, an LLM inference optimizer.

With its cutting-edge technology, strategic partnerships, and ambitious vision, Fireworks AI is well-positioned to drive the future of generative AI. Stay tuned for more exciting developments from this trailblazing company.

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