Flapping Airplanes raises $1B at $6B valuation to train AI with less data and compute
AI summary
Flapping Airplanes, a year-old artificial intelligence startup, has raised $1 billion in funding at a $6 billion valuation, according to Bloomberg reporting cited by Techmeme. The company is described as working on methods to train AI models using less data and compute, and on making chips more efficient. The reports do not name the investors or give further terms of the round.
In-depth insight
The reported raise would put a $6 billion valuation on a one-year-old startup whose stated focus is lowering the data, compute and chip-efficiency costs of AI training, per Bloomberg's reporting.
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