SA国际传媒

Another week, another huge raise for a generative AI startup.

This week it’s , which raised $350 million in what the company called 鈥減art of our Series B.鈥� It was the new money gives the San Francisco-based startup a post-money valuation of at least $1 billion.

and led the financing. The company had previously raised a $65 million Series A.

Adept is developing AI models that cannot just respond to text commands 鈥� like a chatbot 鈥� but actually turn that command into actions. In theory, the company鈥檚 generative AI could help users do tasks from browsing the internet to navigating enterprise software tools.

鈥淪ince announcing our Series A about a year ago, we introduced ACT-1, our first large model for actions, and it鈥檚 already demonstrating cutting-edge capabilities,鈥� a from the company read. 鈥淚t can take complex user requests across a range of software tools and execute them, even coordinating across multiple tools when needed.鈥�

No slowing down the AI craze

The round comes despite strong headwinds, such as a drop in venture financing and the collapse of .

However, nothing seems to be able to stop generative AI startups from raising large amounts of cash.

The craze started in January, with news of 鈥檚 massive $10 billion investment into 鈥� creator of .

The tidal wave of funding to AI has not subsided since. Just a week ago, San Francisco-based AI startup and rival to ChatGPT, , was raising another $300 million round at a pre-investment valuation of $4.1 billion. Spark Capital is reportedly leading the round.

That came just about a month after Anthropic raised between $300 million and $400 million from .

Also last week, 鈥檚 venture arm 鈥� 1 鈥� launched a new $250 million generative AI fund that will look at promising generative AI startups.

Despite a rocky venture market, bet on more news next week.

Further reading:

• Salesforce And Its Venture Arm Latest To Join AI Craze
• We鈥檝e Seen This Before: Investors Take To The Next Shiny Toy 鈥� AI
• AI Startup Anthropic Raising Another $300M At $4.1B Valuation 鈥� Report

Illustration: Dom Guzman