TimeGPT, Nixtla & Forecasting with Max Mergenthaler #53 Artwork

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Artificial Intelligence, Machine Learning, Data Science and Deep Learning are completely changing the world we live in today. Companies around the world start to make sensible use of big data to influence business decisions and create our future. From video recommendations to autonomous driving, from stock prediction to weather forecasting, the AI revolution is everywhere. The AI stories podcast brings together some of the best Data Scientists, Machine Learning Engineers, Business leaders and researchers that are at the front of this revolution. They are here to talk about their career, how they arrive where they are, give advice and share their vision. They explain how they make use of AI in their daily routine, how they use algorithms to solve business problems and make the world a better place. They are here to share their stories: their AI stories. Hosted by Neil Leiser, Data Scientist at Iwoca. Follow Neil to learn more about career, Data Science, AI and Machine Learning. Linkedin: https://www.linkedin.com/in/leiserneil/ Twitter: https://twitter.com/LeiserNeil

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AI Stories

TimeGPT, Nixtla & Forecasting with Max Mergenthaler #53

December 10, 2024 • Neil Leiser • Season 4 • Episode 4

Our guest today is Max Mergenthaler, Co-Founder and CEO of Nixtla: one of the most popular libraries for time series forecasting.

In this conversation, Max first explains how he got into AI and the lessons he learned from building a couple of tech startups. We then dive into Nixtla and forecasting. Max explains how he founded Nixtla and the different libraries available to build stats, ml and deep learning forecasting algorithms.

We also tallk about TimeGPT, Nixtla's closed-source foundation model for time series. We finally discuss the future of the field along with mistakes and best practices when working on forecasting projects.

If you enjoyed the episode, please leave a 5 star review and subscribe to the AI Stories Youtube channel.

To learn more about Nixtla: https://www.nixtla.io/

Open source librairies (StatsForecast, MLForecast, NeuralForecast): https://www.nixtla.io/open-source

TimeGPT: https://github.com/Nixtla/nixtla

Follow Max on LinkedIn: https://www.linkedin.com/in/mergenthaler/

Follow Neil on LinkedIn: https://www.linkedin.com/in/leiserneil/

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(00:00) - Intro

(02:00) - How Max got into Data & AI

(03:44) - Combining Philosophy with Analytics

(09:49) - Lessons from building Startups

(14:00) - Founding Nixtla

(16:23) - Time Series Forecasting

(19:25) - StatsForecast, MLForecast, and NeuralForecast

(26:16) - TimeGPT & LLMs for Forecasting

(34:30) - Why people love Nixtla

(42:34) - Future of Forecasting

(45:51) - Mistakes & Best Practices in Forecasting

(52:12) - Max’s role as CEO

(56:09) - Career Advice