A Paris-based AI startup Holistic has secured a significant $200 million in the first tranche of an initial funding round, according to reports. The substantial funding highlights the growing interest and investment in the AI sector.
Holistic was formed by scientists who previously worked at DeepMind, a leading AI research company owned by Alphabet Inc. (Google’s parent company). The startup’s founders are aiming to develop “multi-agent” models, which involve several AI systems interacting with one another.
This approach to AI is seen as a potential way to overcome some of the limitations of current AI models, such as difficulties with memory and planning. By having multiple AI systems collaborate, the hope is that they can collectively develop skills and capabilities that have been challenging for individual models.
With the $200 million in funding, Holistic plans to invest in computing power, which is essential for training and running advanced AI models. According to reports, the startup aims to create an AI model that can target multiple markets and revenue streams, rather than focusing on a single application.
The funding round, which values Holistic at $370 million, is a significant vote of confidence in the startup’s ambitious goals and the potential of its multi-agent approach to AI.
While details about the investors involved in the funding round have not been disclosed, the substantial investment underscores the growing interest and confidence in the AI sector, particularly in startups working on cutting-edge technologies.
As AI continues to advance and find applications in various industries, companies like Holistic are seeking to push the boundaries of what is possible with this technology. The multi-agent approach being pursued by Holistic could potentially lead to breakthroughs in areas where current AI models struggle, such as memory, planning, and complex problem-solving.
The AI industry has seen significant investment in recent years, with major tech companies and startups alike pouring resources into developing more advanced and capable AI systems. As the race to develop powerful AI continues, startups like Holistic are positioning themselves at the forefront of innovation, seeking to unlock new possibilities and applications for this transformative technology.
