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HomeInternationalAI startup Imbue tops $1 billion valuation after funding from Nvidia

AI startup Imbue tops $1 billion valuation after funding from Nvidia

Imbue, the AI research lab formerly known as Generally Intelligent, has raised $200 million in a Series B funding round, valuing the business at over $1 billion. The Astera Institute, Nvidia, Kyle Vogt, CEO of Cruise, and Simon Last, co-founder of Notion, include a few participants.

Imbue has now raised $220 million, ranking it among the better-funded AI startups in recent months. It’s only slightly behind AI21 Labs ($283 million), the Tel Aviv-based firm developing a range of text-generating AI tools, as well as generative AI vendors like Cohere ($435 million) and Adept ($415 million).

“This latest funding will accelerate our development of AI systems that can reason and code, so they can help us accomplish larger goals in the world,” Imbue wrote in a blog post published this morning. “Our goal remains the same: to build practical AI agents that can accomplish larger goals and safely work for us in the real world.”

“We believe reasoning is the primary blocker to effective AI agents,” Imbue wrote in the blog post. “Robust reasoning is necessary for effective action. It involves the ability to deal with uncertainty, to know when to change our approach, to ask questions and gather new information, to play out scenarios and make decisions, to make and discard hypotheses and generally to deal with the complicated, hard-to-predict nature of the real world.”

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BRL Editor
BRL Editorhttps://businessreviewlive.com
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