Amnon Shashua Unveils New AI Startup Double AI, Claims 67% Computing Cost Reduction
Translated & summarized from Calcalist by baba
Amnon Shashua, former CEO of Mobileye, has launched his new AI startup, Double AI, which he claims has developed a new category of AI models called "Code Execution Models" (CEMs). These models reportedly cut computing costs by up to 67% for clients, with the company charging based on savings. Double AI has raised $200 million from major investors and is valued at over $1 billion. The company's first model, Maxwell, is now available.
The story in 6 lines · by baba
- Amnon Shashua launched his new AI startup, Double AI, after leaving Mobileye and AI21.
- Double AI claims its new "Code Execution Models" (CEMs) cut computing costs by 67%.
- The company has raised $200 million from global and Israeli venture capital firms.
- Double AI is valued at over $1 billion following its second funding round.
- The startup's first model, Maxwell, is now publicly available.
- Dell Technologies Capital led the seed round, praising the company's innovation.
Amnon Shashua, formerly CEO of Mobileye and with roles at AI21, has launched his new venture, Double AI, focusing on artificial intelligence models. Shashua claims the company has created a new category in AI called "Code Execution Models" (CEMs) that dramatically cuts computing costs. He stated in an interview with The Wall Street Journal that they have reduced computing costs by 67% for one client. Double AI plans to charge clients based on the savings achieved.
The startup, which operated under the radar until recently, has raised $200 million from prominent global venture capital firms including Lightspeed, Bessemer, Nvidia, and Dell, as well as Israeli funds Pitango and BRM. Double AI currently employs around 40 people. The second funding round valued the company at over $1 billion, as previously reported by Calcalist.
Double AI's CEMs operate "between code and silicon," distinguishing them from Large Language Models (LLMs) that assist in writing code. CEMs are designed to help execute software and automatically identify ways to improve code performance. Shashua highlighted that the main challenge was validating code correctness, and Double AI's breakthrough was developing a method for formal, mathematical verification.
The company's first model, Maxwell, is available on their website. Yair Shanir, managing partner at Dell Technologies Capital, which led Double AI's seed round, praised Shashua and his team for their ability to tackle complex problems and their rapid progress. Shanir noted that Double AI's innovative approach to computing efficiency is precisely the kind of innovation Israel should lead.
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