Source: Bloomberg
Summary
EquiLibre Technologies, a Prague-based AI lab, has raised funding, valuing the company at over $500 million. The lab was founded by three ex-DeepMind researchers. The funding round was not disclosed.
Our Reading
The announcement sounds ambitious. EquiLibre Technologies, another AI lab with DeepMind roots, joins the ranks of highly-valued AI companies. The $500 million valuation is a testament to the continued interest in AI research. The lab’s focus on AI is no surprise, given its founders’ background. Another AI company with a big valuation, because that’s what we needed.
Author: Evan Null
