TypeSafe AI raises $870 million at $7.5 billion valuation after Jev launch
Original titleThe maker of non-text AI model Jev valued at $7.5B just weeks after launch
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TypeSafe AI raised $870 million at a $7.5 billion valuation, led by Andreessen Horowitz with participation from Sequoia and DCVC. The company says Jev, released September 15, is used by a third of Fortune 500 companies, and it is a transformer model that outputs probabilities rather than text.
TypeSafe claims Jev runs faster and uses far fewer tokens than LLMs, positioning it for automation tasks.
Source: TechCrunch · AI · techcrunch.comPublished · added here