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.
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SOURCE Chai
