tech
General Intuition raising $300M for AI trained on gaming data
General Intuition, the AI lab that spun out of gaming clip platform Medal after rejecting a reported $500 million offer from OpenAI, is raising approximately $300 million at a valuation of just over $2 billion. Backers reportedly include Jeff Bezos and Eric Schmidt.
TL;DR
- General Intuition is raising $300 million at a valuation of over $2 billion.
- The company spun out of Medal, a gaming clip platform, after rejecting a $500 million acquisition offer from OpenAI.
- Key investors reportedly include Jeff Bezos and Eric Schmidt, alongside existing backers.
- General Intuition uses Medal's dataset of approximately two billion video clips per year from over 10 million monthly active users.
- The AI lab focuses on training agents using world models, with agents being the primary product.
- This approach contrasts with competitors who build world models as their main product.
- The funding is intended to scale compute and release a product by late summer or early autumn.