Microsoft Backs Startup Focused on Making AI More Efficient
- Touchcast caches frequently asked generative AI queries
- Startup to be valued at $350 million or more after funding
Touchcast stores and serves up responses for commonly used AI prompts, reducing the computational resources and energy.
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Touchcast Inc., a startup that caches frequently asked generative artificial intelligence queries to make AI systems more efficient, is raising $100 million from venture backers, including OpenAI investor Microsoft Corp.
New York-based Touchcast stores and serves up responses for commonly used AI prompts, reducing the computational resources and energy required for using models like OpenAI’s GPT-4. The aim is to help developers and businesses deploy generative AI more broadly with lower costs and faster response times.