Connect with us

Technology

Linq’s AI Retrieval Model Achieves the Top Spot on the HuggingFace MTEB Leaderboard

Published

on

BOSTON, June 5, 2024 /PRNewswire/ — Linq, a generative AI startup, announced that its large embedding model “Linq-Embed-Mistral” ranked first in the text retrieval evaluation on HuggingFace’s “Massive Text Embedding Benchmark (MTEB)” leaderboard, outpacing competitors like NVIDIA, Salesforce, Google, OpenAI, and Cohere. This evaluation is run by HuggingFace, the world’s largest machine learning platform.

Linq’s embedding model achieved a score of 60.2 points in the text retrieval category, securing the top position. This placed Linq ahead of NVIDIA, which scored 59.4 points, and Voyage AI, which scored 58.3 points. Google’s model followed with a score of 55.7, while OpenAI and Cohere scored 55.4 and 55.0 points, respectively.

The MTEB leaderboard by HuggingFace ranks the performance of embedding models across seven categories, including classification, clustering, pair classification, reranking, retrieval, semantic textual similarity (STS), and summarization. Linq’s embedding model demonstrated excellent performance not only in the text retrieval category but also in other categories, earning an overall rank of third.

The MTEB lists more than 300 embedding models, highlighting the competitive yet manageable landscape of embedding model technology. Linq’s top performance in this specific benchmark underscores its superiority in embedding model technology.

Embedding models are critical in generative AI, particularly for addressing the hallucination problem of large language models (LLMs) by employing retrieval-augmented generation (RAG) technology. RAG allows models to produce reliable outputs by accessing the latest data or internal documents not available within the LLM.

Leading this project, Dr. Junseong Kim stated, “Our research demonstrates that due to the broad topic diversity and challenging difficulty of retrieval data, GPT-generated data is not perfect and requires thorough verification and refinement. Through these processes, we can achieve quality comparable to human-labeled data, ultimately attaining the best retrieval performance based on the MTEB benchmark dataset. This study shows that through elaborate data crafting and filtering using GPT, we can create models optimized for retrieval-augmented generation (RAG) and maximize performance in specific fields.” Additionally, he emphasized, “Not only is refined data crucial, but optimized training methodologies and rapid experimental cycles are also key to maximizing retrieval performance.”

Linq’s Co-founder & CEO, Jacob Choi, emphasized, “Accurate search is crucial for generative AI enterprises’ adoption. We’re proud to have developed the core embedding model to achieve this, and we’ll keep expanding and refining it to ensure precise text searches in specialized fields like finance and legal.” Choi noted that while 2023 saw the rise of B2C use cases for generative AI with the advent of ChatGPT, 2024 will witness the growth of B2B (business-to-business) applications with improved accuracy and security technologies.

[Company Description]

Founded in 2022, Linq (Wecover Platforms Inc) was established by MIT Electrical and Computer Engineering graduate Jacob Choi and MIT Computational Science and Engineering Ph.D. Subeen Pang. In 2021, Choi was named in Forbes’ “30 Under 30” in the science category for his AI neuromorphic computing research. Linq received early investments from KakaoVentures, Smilegate Investment, and Yellowdog in 2022. In 2023, Linq won the Samsung Open Collaboration hosted by Samsung Financial Networks and was selected for MassChallenge Fintech cohort, the largest non-equity accelerator in the U.S., continuing its collaboration with KPMG US.

Contact: Jacob Choi (jacob.choi@getlinq.com)

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/linqs-ai-retrieval-model-achieves-the-top-spot-on-the-huggingface-mteb-leaderboard-302164494.html

SOURCE Linq (Wecover Platforms Inc)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

MINTO APARTMENT REIT ANNOUNCES NOVEMBER 2024 CASH DISTRIBUTION

Published

on

By

̶  Amount represents a 3% increase from previous level  ̶

OTTAWA, ON, Nov. 15, 2024 /CNW/ – Minto Apartment Real Estate Investment Trust (the “REIT”) (TSX: MI.UN) today announced a cash distribution of $0.04333 per REIT unit for the month of November 2024. Payment will be made on December 16, 2024 to unitholders of record as at November 30, 2024.

As previously announced, the amount of the November distribution represents a 3% increase from the prior level, resulting in an increase in the annualized amount of the REIT’s distribution from $0.505 per unit to $0.52 per unit.

About Minto Apartment Real Estate Investment Trust

Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in urban markets in Canada. The REIT owns a portfolio of high-quality income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa and Calgary. For more information on Minto Apartment REIT, please visit the REIT’s website at: https://www.mintoapartmentreit.com.

Forward-Looking Statements

This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the REIT. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate” and other similar expressions. These statements are based on the REIT’s expectations, estimates, forecasts and projections and include, without limitation, statements regarding the intended monthly distributions of the REIT. The forward-looking statements in this news release are based on certain assumptions, including without limitation that the REIT will have sufficient cash to pay its distributions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed and referenced under the heading “Risks and Uncertainties” in the REIT’s Q3 2024 management’s discussion and analysis dated November 12, 2024, which is available at www.sedarplus.ca. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Minto Apartment Real Estate Investment Trust

Continue Reading

Technology

Equinox, Inc. Provides Notification of Cybersecurity Incident

Published

on

By

ALBANY, N.Y., Nov. 15, 2024 /PRNewswire/ — Equinox, Inc. (“Equinox”), a nonprofit provider of various counseling and health services, has learned of a cybersecurity incident that involved the personal and / or protected health information belonging to certain current and former clients, and to a number of staff. On November 15, 2024, Equinox formally notified potentially affected individuals with available address information and provided resources to assist them.

On April 29, 2024, Equinox discovered unusual activity within its digital environment. Upon discovering this activity, Equinox immediately took steps to secure its systems and enlisted independent cybersecurity forensic experts to conduct an investigation. During this time, Equinox was vigilant and able to safely minimize any disruptions to its daily operations and service delivery.

As a result of an independent forensic investigation into the incident, Equinox learned that an unauthorized actor accessed and potentially acquired certain files stored within its internal systems. Following a comprehensive review of the potentially affected data, on September 16, 2024, Equinox determined that certain employee and client information may have been subject to the unauthorized access. This information varies between individuals, but may have included names, addresses, dates of birth, Social Security numbers, passport numbers, financial account information, driver’s license and/or state identification number, medical treatment or diagnosis information, health insurance information, and/or medication-related information.

Equinox has no evidence that any of the information potentially impacted in connection with this incident has been misused. Nonetheless, Equinox has implemented additional security features to help prevent similar incidents from occurring in the future. Equinox has also reported this matter to the NYS Attorney General, NYS Division of State Police, NYS Department of State’s Division of Consumer Protection, and the Federal Office of Civil Rights.

Notification letters were mailed to impacted individuals on November 15, 2024. The letters include information about this incident and about steps that potentially impacted individuals can take to monitor and help protect their personal and protected health information. Equinox has established a toll-free call center to answer questions about the incident and to address related concerns. The call center can be reached at (866) 531-3185, Monday through Friday from 9:00 AM to 9:00 PM Eastern time.

The privacy and protection of its clients and staff and their private information is a top priority of Equinox. Equinox deeply regrets any inconvenience or concern this incident may cause.

Equinox, Inc. is a human services agency with deep roots in the Capital Region dating back to 1947. Equinox provides compassionate services and life-enhancing opportunities to youth and adults—and their families—who are impacted by domestic violence, substance use and addictions, mental health disorders, homelessness, and the challenges of living amid poverty and violence.

View original content:https://www.prnewswire.com/news-releases/equinox-inc-provides-notification-of-cybersecurity-incident-302307303.html

SOURCE Equinox, Inc.

Continue Reading

Technology

Greenberg Traurig Helps United Way Worldwide Launch Star-Studded Hurricane Relief Benefit

Published

on

By

Global law firm Greenberg Traurig, LLP provided a variety of legal support to United Way Worldwide in support of its Benefit for Hurricane Relief.

WASHINGTON, Nov. 15, 2024 /PRNewswire-PRWeb/ — Global law firm Greenberg Traurig, LLP provided a variety of legal support to United Way Worldwide in support of its Benefit for Hurricane Relief.

The one-hour special, a collaborative effort with Paramount Global that aired on CBS Television and CMT Nov. 2., brought together leading artists from across genres to mobilize communities and raise critically needed funds for relief and recovery efforts to support communities across the Southeast United States that were devastated by Hurricanes Helene and Milton.

The televised fundraising event featured performances by acclaimed artists including Brittney Spencer, Chris Janson, Clay Aiken, Jonathan McReynolds, and Tyler Hubbard. The special also included appearances by numerous entertainment industry luminaries such as the Backstreet Boys, Blake Shelton, Kelsea Ballerini, Stephen Colbert, and the Zac Brown Band, alongside community heroes Mark Starling and Tank Spencer.

The Greenberg Traurig team was led by Labor & Employment Shareholder Johnine P. Barnes in Washington, D.C., and Entertainment, Media & Sports Shareholder Paul Sarker in New York.

Learn more about the benefit event on United Way’s website.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2024 BTI “Leading Edge Law Firm” for delivering on client expectations for the future and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: http://www.gtlaw.com.

Media Contact

Jacob Fischler, Greenberg Traurig, LLP, +1 202.533.2373, fischlerj@gtlaw.com, https://www.gtlaw.com/en

Twitter

View original content:https://www.prweb.com/releases/greenberg-traurig-helps-united-way-worldwide-launch-star-studded-hurricane-relief-benefit-302307415.html

SOURCE Greenberg Traurig, LLP; Greenberg Traurig, LLP

Continue Reading

Trending