River AI, led by xAI co-founder, secures $1.1 billion in funding
River AI, a startup launched by xAI co-founder Igor Babuschkin, has successfully raised $1.1 billion. The capital will be used to grow its platform, which assists clients in creating custom AI models based on their specific data. Nvidia joined the round as a strategic partner, alongside investors like Y Combinator. According to River, their API allows businesses to execute sophisticated reinforcement-learning training in just 20 minutes, eliminating the need for a dedicated infrastructure team.
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