FedML has closed an impressive $11.5 million in seed funding to expand its distributed MLOps platform. This platform empowers companies to train and serve custom generative AI and large language models using their proprietary data, while also reducing costs through decentralized GPU cloud resources shared by the community. The funding round was driven by increasing investor interest and market demand for large language models, popularized by industry giants like OpenAI, Microsoft, Meta, and Google.
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