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AI Startup Flapping Airplanes completes 1000000000 USD Series A financing, with a valuation reaching 6000000000 USD

PANews October 22 According to TechCrunch, the approximately 1-year-old AI lab Flapping Airplanes announced the completion of 1000000000 USD Series A financing, co-led by Index Ventures and Lux Capital, with Sequoia Capital and GV among the participants; its valuation compared with 9 months ago 1500000000 USD increased by 3 times. The company is dedicated to improving the data efficiency of AI model training and developing a GPU framework capable of simultaneously performing tasks including training and inference, in order to reduce AI development and operating costs.

Source: https://www.panewslab.com/zh/articles/01a161b6-e821-73a1-a052-d6d5b248fb60