CHAI, a Palo Alto AI startup, has 1M DAU on its Chai app, generating
$12M annually. Its Chaiverse platform
lets LLM builders fine-tune models, boosting AI
performance.
PALO
ALTO, Calif., July 17,
2024 /PRNewswire/ -- CHAI, a pioneering generative AI
startup based in Palo Alto, is
experiencing robust growth driven by its innovative approach to
user-generated AI content. The company's developer
platform, Chaiverse, has become a hub for large language model
(LLM) builders to submit and fine-tune their own models, leading to
a vibrant and engaged community.
The Chai app, CHAI's consumer application, boasts
impressive statistics with over 1 million daily active users
(DAU) and 4 million monthly active users (MAU). CHAI's
growth is further underscored by its financial success, with the
company generating $12 million
in annual revenue. The average user spends about one hour per day
on the Chai app, indicating strong engagement and satisfaction with
the service.
Chaiverse allows hobbyists and professionals alike to contribute
their unique LLMs, with many achieving remarkably high ELO ratings.
In the context of AI models, the ELO rating system is used to
measure performance, with higher ratings indicating superior
models. In the case of CHAI, the average fine-tuned model scores at
least 50 ELO points higher than the base model, demonstrating
significant improvements in performance and accuracy.
One of the standout features of Chaiverse is its commitment to
open models, fostering a collaborative environment where AI
developers can share and improve upon each other's work. This
openness, combined with the platform's robust infrastructure that
deploys over 1,000 A100 GPUs, ensures that users have the resources
they need to develop cutting-edge AI models.
"We are thrilled with the growth and engagement we've seen on
both the Chai app and Chaiverse," said William Beauchamp, CEO of CHAI. "Our focus on
delivering the best models for our users is the key to our success.
By building Chaiverse, we've created a space where model developers
can submit their fine-tuned LLMs and achieve higher ELO ratings,
which directly enhances the user experience on the Chai app."
CHAI's success in fostering a community of AI developers and
hobbyists highlights the potential of user-generated content in the
AI space. As CHAI continues to grow and evolve, it
remains at the forefront of generative AI innovation.
Press Contact:
Tom Lu
+1 (626) 594-8966
https://www.chai-research.com
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SOURCE Chai