AI21, an Israeli AI startup, is raising $300 million in its Series D funding round to develop its large language models (LLMs) from scratch. Founded in 2017, the company prioritizes enhancing reliability by addressing hallucinations, which present inaccurate information as facts. AI21's orchestration system, Maestro, aims to cut hallucinations by half while improving reasoning accuracy to over 95%. Investors in this round include tech giants like Google and Nvidia, emphasizing the growing significance of AI in venture funding, accounting for 30% worldwide in recent months.
AI21 aims to reduce hallucinations in generative AI, providing more reliable language models for companies, as it raises a significant $300 million funding round.
AI21 has launched the AI orchestration system Maestro, reportedly capable of reducing hallucinations by 50% and enhancing reasoning model accuracy to over 95%.
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