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[Funding alert] CA-based Chai Secures an Investment from CoreWeave

CA-based Chai secures an investment from CoreWeave. With CoreWeave's investment in the form of GPU compute money, Chai has been valued at $450 million.

CA-based Chai secures an investment from CoreWeave. With CoreWeave’s investment in the form of GPU compute money, Chai has been valued at $450 million.

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The acquisition, which came soon after Chai’s initial fundraising attempt that boosted its total capital to over $10 million, was not disclosed in terms of its amount. The money will be used by the business to expand its AI language model competitions, which will let rivals submit language models and vie for app user engagement.

Under the leadership of CEO William Beauchamp, Chai offers a platform for developers that has already led to the development of natural language modelling methods. The company employed techniques such as Direct Preference Optimisation (DPO), which is an improvement over Reinforcement Learning From Human Feedback (RLHF), which OpenAI used to construct ChatGPT, after certain LLMs were created and submitted to its platform.

Read also – Johnson & Johnson MedTech Acquires Laminar, Inc

About Chai

At Chai, they are leading the charge in the AI revolution, enabling people and organisations to realise the full potential of generative AI.

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With the smooth and user-friendly experience provided by their state-of-the-art platform, users may unleash their creativity and discover new possibilities in content creation, design, and innovation.

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