In other AI news, French AI startup Mistral AI raised $415 million in December, reaching a valuation of around $2 billion. Meanwhile, Elon Musk’s AI startup, xAI, is reportedly in talks with investors to raise $6 billion in funding at a proposed valuation of $20 billion.
Key takeaways:
- Sierra, an AI startup co-founded by OpenAI Chairman Bret Taylor and former Google executive Clay Bavor, is nearing unicorn status with a new investment led by Sequoia Capital, valuing the company at nearly $1 billion.
- The AI industry is attracting significant global investment, driven in part by the success of OpenAI’s ChatGPT.
- Despite recently emerging from stealth mode, Sierra has gained substantial market traction, aiming to apply AI to tackle critical business challenges.
- Other AI startups are also securing significant funding, with French AI startup Mistral AI raising $415 million in December and Elon Musk’s AI startup, xAI, reportedly in talks to raise $6 billion.