Chai, a Palo Alto, CA-based provider of a social AI platform, received a strategic investment from CoreWeave at $450M valuation cap.
The deal followed Chai’s pre-seed round in which it raised $2M.
The company intends to use the funds to enhance its AI language model competitions.
Led by CEO William Beauchamp, Chai provides a social AI platform empowering individuals and businesses to leverage generative artificial intelligence and offer a seamless and intuitive experience, allowing users to use their creativity and explore new frontiers in content generation, design, and innovation.
Its large-scale AI language model competitions enables competitors to submit language models to compete for user engagement in Chai’s entertainment app. Winners in the competition are rewarded with cash prizes.
CoreWeave is a specialized cloud provider of large-scale GPU-accelerated workloads.
FinSMEs
02/10/2023