French startup Poolside nears $3B valuation for AI that can write code

Quick Summary:

Paris-based AI startup Poolside is in discussions to raise nearly $500mn at a $3bn valuation, Bloomberg reports.   Poolside is developing a ChatGPT-like large language model (LLM) that writes software code — but the business plan remains hush-hush.

The company has yet to launch its first product.

However, on its website Poolside states that it is currently training its LLM by "allowing it to improve by completing millions of tasks in tens of thousands of real world software projects.

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Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets: NetherlandsFranceSouth Africa

Topics: Ecosystems Investors and funding Artificial Intelligence Startups and technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 11:23:01 (1 days ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 22506066

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