It costs like $50M to build a next gen model, so if what they want to pitch is training next gen models it makes sense they get $100M to try. Similar to Hippocratic AI $50M seed raise. If anything this founder team seems more legit.

Interesting, what is the bulk of the cost? Programmer labor? Data center time?

GPU...H100 arent cheap and you need lots of them. And some where to keep them cool.

RE: Hippocratic AI, interesting Forbes piece about the founder out a day or two ago

https://www.forbes.com/sites/katiejennings/2023/06/12/lawsui...

I talked to Munjal and team when they were ideating on Hippocratic, even he acknowledges that healthiq was a shit show. AFAIK it was 30 people running a 1k person call center and failing. This motivated Hippocratic as they think they can do AI-based call center replacement because they were so burned out of running human-staffed call centers.

I think Hippocratic is interesting because their leadership is business focused and not very technical, while a lot of other new foundational model cos are led by technical people. I’m curious how this shakes out.

> Forbes piece

It's a web blog. Not a "Forbes piece"

A piece on Forbes written by Forbes staff

If something is already built, why do they need your hundred million?

That's what a seed round is. If you like you can always invest later when they do have the product. The valuation may not be the same though