- DeepMind is reportedly in discussions with investors to establish an AI startup in Paris.
- The primary focus is on developing a novel AI model, contributing to advancements in the field.
- The reported developments highlight the dynamic nature of the AI industry.
Scientists Laurent Sifre and Karl Tuyls, formerly of DeepMind, are reportedly in discussions with investors to establish an AI startup in Paris, according to sources familiar with the matter, reports Reuters.
Potential Financing Round
Sifre and Tuyls, having given notice to leave DeepMind, are exploring a financing round that could secure over 200 million euros ($217.84 million), signaling significant interest from potential investors.
Holistic: The New Venture
The prospective AI startup, tentatively named Holistic, is speculated to have a primary focus on developing a novel AI model, potentially contributing to advancements in the field.
Competition in the AI Landscape
As the race to compete in generative AI intensifies, the reported move by Holistic aligns with a broader trend.
Competitors like Mistral AI, based in Paris and founded by a former DeepMind researcher, recently announced a substantial 385 million euros ($419.34 million) in funding.
Industry Response
While Google and DeepMind have not officially commented on the situation, the reported developments highlight the dynamic nature of the AI industry and the increasing interest and investment in innovative AI ventures.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Reuters
