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XAI co-founder's startup River AI raises $1.1 billion to expand custom AI tools
['Tue', 'August At Pm Gmt', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Aug 11 (Reuters) - Startup River AI, founded by xAI co-founder Igor Babuschkin, said on Tuesday it has raised $1.1 billion, looking to expand tools that help clients build personalized AI models on their own data.
• River AI said it is betting that enterprise AI will shift from companies using general-purpose models from large labs to customizing and owning their own models, using open-weight models.
It should feel like it is working for the person using it, not the lab that trained it," CEO Igor Babuschkin said.
• Babuschkin previously worked on generative-modeling and reinforcement-learning at Google DeepMind and led large-scale training at OpenAI before co-founding xAI.
• River AI declined to comment on how much the funding valued it at.