Igor Babuschkin's River AI raises $1.1 billion for customer-owned models
General Catalyst and AMP PBC led the combined seed and Series A, with Nvidia and AMD backing an open-weight training stack.
By Ryan Merket · Published
Primary source: Reuters
Why it matters
River's unusually large early financing backs a shift from renting general AI APIs toward training models that enterprises can own, tune and deploy around proprietary work.
Igor Babuschkin (@ibab), the former xAI co-founder who helped build AlphaStar at Google DeepMind, has raised $1.1 billion for River AI, two months after publicly introducing River.…
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