AI startup AI21 Labs valued at $1.4 billion after latest fund raise

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AI startup AI21 Labs valued at $1.4 billion after latest fund raise
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Israel-based AI startup AI21 Labs said on Tuesday it has raised $155 million in a Series C funding round which saw participation from technology heavyweights Alphabet's Google and Nvidia.With the latest round, AI21 has raised a total capital of $283 million at a valuation of $1.4 billion, the company said

Israel-based AI startup AI21 Labs said on Tuesday it has raised $155 million in a Series C funding round which saw participation from technology heavyweights Alphabet's Google and Nvidia.

Companies across the world, from banks to big tech, have doubled down on investments in artificial intelligence after ChatGPT, a generative AI chatbot by Microsoft-backed OpenAI took the world by storm in late 2022.

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