VentureBeat December 10, 2024
Sapient Intelligence, Singapore’s first foundation model AI startup, has announced the successful closure of its seed funding round, raising $22 million at a valuation of $200 million.
Backed by prominent investors including Vertex Ventures, Sumitomo Group, and JAFCO, the company is hoping to carve a distinctive path in AI development, addressing what it sees as fundamental shortcomings in GPT-style models.
“The goal of the startup, really, is to make a new generation of foundational model architectures to solve, like really complicated and long horizon reasoning tasks that’s kind of really that are really challenging for large language models, especially for GPT architectures, to solve,” said co-founder and CEO Austin Zheng in a recent interview with VentureBeat conducted over video chat.
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