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AI21 Completes Series C Funding, Challenging OpenAI's Position in the Generative AI Field
Published in Latest AI News
Time :Nov 22, 2023
Read :1minute
AI21 has announced the completion of its Series C funding, raising $53 million, with a total valuation of $1.4 billion and a total funding amount of $208 million. Amid internal turmoil at OpenAI, AI21 has chosen to announce its funding to compete for market share in generative AI. AI21 emphasizes close collaboration with enterprises, focusing on customization, robustness, and security, offering tailored solutions that differ from OpenAI. AI21 has performed well in the competition, welcoming investments from Intel Capital and Comcast Ventures.