, an Alternative to ChatGPT, Valued at $1 Billion

IBL News | New York

Generative artificial intelligence chatbot company is now valued at about $1 billion after an investment of more than $150 million led by Marc Andreessen’s venture capital firm Andreessen Horowitz, The Financial Times reported.

Launched less than six months ago, uses large language models, the technology that underlies chatbot ChatGPT. The company was founded by Noam Shazeer and Daniel De Freitas, who previously built Google’s conversational model LaMDA.

Andreessen’s investment is the latest sign of the hype around the sector after Microsoft and Google struck big partnership agreements with OpenAI and Anthropic.