One AI startup’s undoing is another’s opportunity.
Case in point: Today, AI21 Labs, a company developing generative AI products along the lines of OpenAI’s GPT-4 and ChatGPT, closed a $53 million extension to its previously announced Series C funding round. The new tranche, which had participation from new investors Intel Capital and Comcast Ventures, brings AI21’s total raised to $336 million.
The startup’s valuation remains unchanged at $1.4 billion.
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