Lightning looks to make managing AI a piece of cake [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
According to a recent Boston Consulting Group poll, 74% of organizations are struggling to derive value from their AI investments. William Falcon, the creator of PyTorch Lightning, a popular open source AI framework, says that one of the biggest mistakes businesses make is underestimating the amount of legwork involved in AI orchestration. "Building your own AI platform today is like building your own Slack — it's complex, costly, and not core to your business," he told TechCrunch. "The value for enterprises lies in their data, domain knowledge, and unique models — not in maintaining AI infrastructure." Falcon, a former Navy Seal trainee and Facebook AI Research intern, started developing PyTorch Lightning while an undergraduate student at Columbia. The framework provides a high-level interface for the AI library PyTorch , abstracting away the code to set up and maintain AI systems. After dropping out his NYU Ph.D. program, Falcon decided to team up with Luis Capelo, Forbes' for
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JPM
Earnings
- 10/14/24 - Beat
JPM
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- 11/21/24 - Form 424B2
- 11/21/24 - Form 424B2
- JPM's page on the SEC website