Flapping Airplanes Raises $1B at $6B Valuation — SkimNews
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- Flapping Airplanes, a year-old artificial intelligence startup, raised $1 billion in funding at a $6 billion valuation.
- The company is developing methods to train AI models using less data and compute, and to make the underlying AI chips more efficient.
Why it matters: A $6 billion valuation on $1 billion raised for a year-old startup reflects unusually strong investor conviction, and the company's stated focus — cutting the data and compute required to train AI models and making AI chips more efficient — directly targets the cost and scaling constraints that have shaped demand across the AI sector.
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