General Intuition in Talks for Funding at $6 Billion Valuation to Enhance AI and Robotics
View original sourceGeneral Intuition, a New York-based startup, is negotiating with investors to raise funds at a $6 billion pre-money valuation. The key players involved include Valor Equity Partners, Point72 Ventures, and Seven Seven Six. Existing backers like Khosla Ventures and General Catalyst are also contributing. This follows their recent raise of $320 million at a $2.3 billion valuation. - CEO Pim de Witte founded General Intuition in October, using data from his video game platform, Medal, to train AI agents with spatial reasoning skills. The company is focused on using the new funds for developing AI models, particularly for robotics, and expanding infrastructure and talent. - Investor Vinod Khosla emphasized the importance of “action labels”, which could help models generalize across tasks. - General Intuition is currently finalizing this funding round, which is reportedly oversubscribed due to high investor interest. Valor Equity Partners' involvement marks its first AI lab investment since SpaceX. - TechCrunch seeks confirmation from Valor about their involvement. The situation is developing, with updates expected soon.