Nvidia Corporation has become a strategic investor in the startup Imbue
Artificial intelligence technology developer Imbue has become a unicorn after securing a USD 200 million investment in a new round of funding. The valuation of the AI startup, which creates large-scale language models for use in AI solutions, has now passed the USD 1 billion mark.
The Astera Institute organised the funding round, a non-profit project of billionaire Jed McCaleb, who made his fortune in the crypto industry. The startup’s investors included Nvidia, the head of General Motors Corporation’s drone division, and others.
Imbue interests many companies and others in the artificial intelligence sector. AI technologies are being actively integrated into various fields, making their developers extremely sought after. The number of funding rounds in the industry is growing rapidly, and investors are not shy about putting money into promising projects.
Nvidia’s funding is strategically important for Imbue. The process of training artificial intelligence models involves a large number of GPUs. This makes developing the technology expensive, making it extremely difficult for startups to access powerful microchips. Thanks to the partnership with Nvidia, the startup will be able to use around 10,000 processors for its AI model. Optimised for training Imbue’s language models, these state-of-the-art chips can perform highly complex computations.
The startup’s core activity is the development of AI agents that can reason and make inferences. Such models can be used to automate various processes. According to Imbue representatives, their AI solutions contain decision criteria based on the analysis of data arrays. As a result, these agents are ideal for helping to write code and can generate it independently.
Imbue’s AI products are already in active use in a number of areas. Founder Kangjun Qiu has also set up a recruitment company and a virtual reality project. These projects’ activities rely on Imbue’s AI model.
Predictions for Artificial Intelligence
Since the launch of ChatGPT, interest in AI development has grown steadily. New technologies are emerging, showing the high potential of the sector. According to one of the founders of Google’s DeepMind research centre, almost everyone will have AI-based solutions in the next five years. Mustafa Suleiman believes that during this period, AI assistants will be actively in use in the world, taking on a range of tasks:
– storing massive amounts of data in their memory;
– assisting in the performance of professional activities;
– distributing tasks and solving them;
– automating a wide range of tasks.
Suleiman predicts that AI will become more autonomous and intelligent, able to make independent decisions and assist humans in creative and research activities.