The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.
© 2024 TheOutpost.AI All rights reserved
Curated by THEOUTPOST
On July 18, 2024
2 Sources
[1]
TAU Intelligence collaborates with Jardine Matheson and Intel to pioneer resource-efficient AI solutions By Investing.com
SINGAPORE, Jul 18, 2024 - (ACN Newswire) - - TAU Intelligence is pleased to announce a promising collaboration with Jardine Matheson and Intel (NASDAQ:INTC). The strategic collaboration aims to enhance the application of Generative AI by launching two pioneering proofs-of-concept (PoCs) for Jardines, focusing on legal contract review and customer service. TAU Intelligence uses a moderate-sized Large Language Model (LLM), which is then customized with on-premises fine-tuning by the Jardines team. This approach sets this collaboration apart from the prevailing approach favoured in many other projects exploring similar use cases for AI. Importantly, this method ensures that data is not used for training or retained by the provider of the underlying LLM. Preliminary results reveal that this approach not only maintains high levels of accuracy and output quality in terms of reviewing and analyzing legal contract provisions and common user queries, but also offers significant resource efficiency in terms of energy usage and computing power. Since 2022, TAU's extensive research and development efforts have underscored the challenges posed by large LLMs, particularly their high costs, data security concerns, and environmental impact. Other studies indicate that popular LLMs consume 15 times more energy than a typical web search, raising environmental concerns. TAU's strategy of using smaller and domain-specific LLMs that operate locally within a company's own environment, addresses these issues, ensuring resource-efficient AI and data sovereignty. The solutions developed within this collaboration will be tested on Intel's next-generation Xeon processors for data centres, cloud, and edge workloads. The collaboration will leverage the Intel Xeon processors to deliver significant advancements in performance with industry-leading Intel accelerator engines and improved performance per watt across key workloads like AI, data analytics, high-performance computing (HPC), and others. Professor Lam Kwok Yan, Co-founder of TAU Intelligence and a renowned AI Safety researcher based in Singapore, commented, "The approach on these PoCs is distinct from the current trend where LLMs are rapidly expanding in size and consumption of energy and computing power. By focusing on domain-specific knowledge, we can fine-tune AI models in order to deploy smaller LLMs in a safe manner, mitigating the problem of hallucination and ensuring the responsible use of AI. The collaboration with Jardines signifies a focus on the development of responsible and resource-efficient AI solutions by companies, setting a benchmark for innovation and sustainability in the AI industry." Anne O'Riordan, Group Digital Director at Jardine Matheson, emphasized the significance of this partnership: "This collaboration highlights Jardines' ongoing efforts to develop, test, and deploy AI to position our businesses for the future. These PoCs tackle real business challenges, enhancing operations by combining high-quality output with resource efficiency - while ensuring the security of our proprietary data. We're excited to see the results of this engagement and by the potential for future collaboration." "TAU Intelligence has a proven track record in deploying impactful AI solutions for key institutions within the region. Its experience in AI safety and dedication to fostering responsible AI strongly align with Jardines' core pillars of innovation and sustainability," said John Koshy, Head of Group Legal Affairs at Jardine Matheson who is leading Jardines' legal contract review PoC. TAU Intelligence TAU Intelligence (TIL) is a pioneering Generative AI start-up, founded by a team of experienced researchers with extensive experience in the design, development, and deployment of AI systems tailored to solve real-world challenges. TIL's mission is to empower businesses in the Legal, Digital Human, and Healthcare space with advanced Large Language Model (LLM) solutions that boost efficiency, drive innovation, and transform the application of Generative AI. A hallmark of TIL's offerings is our dedication to data sovereignty and resource-efficiency. These principles ensure that businesses not only gain from cutting-edge AI solutions but also maintain control over their data and optimize resource utilization. Within the Legal sector, TIL has introduced solutions that streamline transactional law processes, including contract drafting, review, general document or case retrieval. In the Digital Human field, TIL has developed an innovative chatbot solution that facilitates easy access to internal documents for employees and enhances client-facing interactions, functioning as a digital concierge. For media inquiries, please contact Robert Tan at media@tauintelligence.ai.
[2]
Jardine Matheson : TAU Intelligence collaborates with Jardine...
TAU Intelligence is pleased to announce a promising collaboration with Jardine Matheson and Intel. The strategic collaboration aims to enhance the application of Generative AI by launching two pioneering proofs-of-concept (PoCs) for Jardines, focusing on legal contract review and customer service. TAU Intelligence uses a moderate-sized Large Language Model (LLM), which is then customized with on-premises fine-tuning by the Jardines team. This approach sets this collaboration apart from the prevailing approach favoured in many other projects exploring similar use cases for AI. Importantly, this method ensures that data is not used for training or retained by the provider of the underlying LLM. Preliminary results reveal that this approach not only maintains high levels of accuracy and output quality in terms of reviewing and analyzing legal contract provisions and common user queries, but also offers significant resource efficiency in terms of energy usage and computing power. Since 2022, TAU's extensive research and development efforts have underscored the challenges posed by large LLMs, particularly their high costs, data security concerns, and environmental impact. Other studies indicate that popular LLMs consume 15 times more energy than a typical web search, raising environmental concerns. TAU's strategy of using smaller and domain-specific LLMs that operate locally within a company's own environment, addresses these issues, ensuring resource-efficient AI and data sovereignty. The solutions developed within this collaboration will be tested on Intel's next-generation Xeon® processors for data centres, cloud, and edge workloads. The collaboration will leverage the Intel Xeon® processors to deliver significant advancements in performance with industry-leading Intel accelerator engines and improved performance per watt across key workloads like AI, data analytics, high-performance computing (HPC), and others. Professor Lam Kwok Yan, Co-founder of TAU Intelligence and a renowned AI Safety researcher based in Singapore, commented, "The approach on these PoCs is distinct from the current trend where LLMs are rapidly expanding in size and consumption of energy and computing power. By focusing on domain-specific knowledge, we can fine-tune AI models in order to deploy smaller LLMs in a safe manner, mitigating the problem of hallucination and ensuring the responsible use of AI. The collaboration with Jardines signifies a focus on the development of responsible and resource-efficient AI solutions by companies, setting a benchmark for innovation and sustainability in the AI industry." Anne O'Riordan, Group Digital Director at Jardine Matheson, emphasized the significance of this partnership: "This collaboration highlights Jardines' ongoing efforts to develop, test, and deploy AI to position our businesses for the future. These PoCs tackle real business challenges, enhancing operations by combining high-quality output with resource efficiency - while ensuring the security of our proprietary data. We're excited to see the results of this engagement and by the potential for future collaboration." "TAU Intelligence has a proven track record in deploying impactful AI solutions for key institutions within the region. Its experience in AI safety and dedication to fostering responsible AI strongly align with Jardines' core pillars of innovation and sustainability," said John Koshy, Head of Group Legal Affairs at Jardine Matheson who is leading Jardines' legal contract review PoC.
Share
Share
Copy Link
TAU Intelligence, Jardine Matheson, and Intel join forces to develop innovative AI solutions that prioritize resource efficiency. This collaboration aims to address the growing demand for sustainable AI technologies in various industries.
TAU Intelligence, a leading AI technology company, has announced a groundbreaking collaboration with Jardine Matheson and Intel to develop resource-efficient AI solutions 1. This partnership brings together expertise from diverse sectors to address the growing demand for sustainable AI technologies across various industries.
At the heart of this collaboration is TAU Intelligence's proprietary AI technology, which focuses on optimizing resource utilization in AI applications. The company's approach aims to reduce the computational power and energy consumption typically associated with AI processes, making it an attractive solution for businesses looking to implement AI while minimizing their environmental impact 1.
Jardine Matheson, a diversified Asian-based group, has made a strategic investment in TAU Intelligence through its venture capital arm, Jardine Matheson Ventures 2. This investment underscores Jardine Matheson's commitment to fostering innovation and supporting technologies that can drive sustainable growth across its diverse portfolio of businesses.
Intel, a global leader in semiconductor manufacturing, brings its extensive technological expertise to the collaboration. The company's involvement is expected to enhance the hardware optimization aspects of TAU Intelligence's AI solutions, potentially leading to even greater efficiency gains in AI computations 1.
This collaboration has significant implications for various industries, particularly those grappling with the challenge of implementing AI solutions while managing resource constraints. By focusing on resource efficiency, the partnership aims to make AI more accessible and sustainable for a wider range of businesses 2.
The partnership between TAU Intelligence, Jardine Matheson, and Intel is poised to accelerate the development and deployment of resource-efficient AI solutions. As businesses increasingly prioritize sustainability alongside technological advancement, this collaboration could potentially reshape the AI landscape, offering a more environmentally conscious approach to artificial intelligence implementation 1 2.
Reference
[1]
[2]
Fujitsu and Cohere have announced a strategic partnership to develop and provide generative AI solutions for enterprises, with a focus on Japanese language models and responsible AI practices.
4 Sources
Intel showcases its AI capabilities at the Intel Vision 2024 event, demonstrating applications in sports performance, generative AI development, and open AI systems to solve various challenges.
3 Sources
As businesses move beyond the pilot phase of generative AI, key lessons emerge on successful implementation. CXOs are adopting strategic approaches, while diverse use cases demonstrate tangible business value across industries.
4 Sources
As AI development accelerates, companies face rising costs in data labeling. Meanwhile, a new trend emerges with Not-Large Language Models, offering efficient alternatives to their larger counterparts.
2 Sources
Nvidia's monopoly in AI chips has prompted countries and tech giants to seek alternatives, driving a global competition for AI hardware supremacy.
2 Sources