Re:Inflection AI Raises $1.3B
by rvz on Monday July 10, 2023 @01:21PM
(#36669578)
Pre-revenue company raises another round of more VC cash and all they have released is a free chatbot.
This valuation looks excessively inflated and quickly hyped to $4B, almost like Clubhouse. But even if they release a paid API, that still doesn't justify the $4B valuation.
This only means that they are burning millions of dollars training and fine-tuning their deep learning models which is a game which profitable companies such as Apple, Google, Microsoft and Meta can afford to do.
In terms of the race to zero, Meta is already at the finish line by releasing their AI model for free.
This valuation looks excessively inflated and quickly hyped to $4B, almost like Clubhouse. But even if they release a paid API, that still doesn't justify the $4B valuation.
This only means that they are burning millions of dollars training and fine-tuning their deep learning models which is a game which profitable companies such as Apple, Google, Microsoft and Meta can afford to do.
In terms of the race to zero, Meta is already at the finish line by releasing their AI model for free.