![]() technologies like ChatGPT, which learn by analyzing vast amounts of digital data, require a lot of computing power, which is expensive. start-up.ĭust and LangChain declined to comment.Various aspects of the funding rounds were reported earlier by Business Insider, The Information and Newcomer. Those follow the $13 billion that OpenAI raised from Microsoft, including $10 billion in January, and $300 million raised this year by Anthropic, another A.I. into their products, has raised funding from Benchmark, a person with knowledge of the matter said. And LangChain, a start-up working on software that helps other companies incorporate A.I. Perplexity AI, a start-up created by former employees of OpenAI, Google and Meta, is raising $20 million to $25 million, led by NEA, that values the company at about $150 million, two people familiar with the situation said. The round was competitive, with term sheets offering valuations as high as twice that, one of the people said. Dust is nearing a $5 million funding round led by Sequoia Capital that will value it at $30 million to $40 million, two people with knowledge of the situation said. The blooming flowers include Dust, a start-up founded by former employees of OpenAI. Index Ventures declined to comment on Mobius’s funding. He added that the deal-making stood out in an otherwise dreary moment for tech marked by layoffs, cost-cutting and a drought of initial public offerings.Īndreessen Horowitz did not respond to a request to comment. “We’re in that phase of the market where it’s, like, let 1,000 flowers bloom,” said Matt Turck, an investor who specializes in A.I. entrepreneurs nine-figure valuations for little more than an idea and a résumé. Investors desperate for the next big thing are competing fiercely to invest in these companies, offering some A.I. start-ups - such as Stability AI and Jasper - have broken out. With few experts in the field, and most of them working at a handful of big tech companies, only a few generative A.I. ![]() companies and the potential of the technology. Even as investors expect last week’s failure of Silicon Valley Bank, an institution that many tech start-ups relied on, to cast a pall over start-up funding, there is still a mismatch between the number of opportunities in artificial intelligence and the money available to fund them. to generate its own tweets, emails, articles, answers and ideas. The funding race has heated up ever since ChatGPT, the chatbot made by OpenAI, went viral last year by showing the power of A.I. ![]()
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