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AI Summary
- Mike Conover, who led OSS models at Databricks and created Dolly, founded Brightwave as an AI research assistant for investment professionals and announced $6M seed round led by Alessio and Decibel
- Long context windows prove insufficient in practice; Brightwave serves customers with $120B+ assets under management using context-limited approaches despite 1M token windows now available
- Context window size evolved from Dolly's 1,024 tokens (14 months ago) to current multi-million token models, but real production deployments still prioritize quality over context length