{"id":15672,"date":"2024-09-13T11:23:01","date_gmt":"2024-09-13T11:23:01","guid":{"rendered":"http:\/\/TheNextWeb=1410260"},"modified":"2024-09-13T11:23:01","modified_gmt":"2024-09-13T11:23:01","slug":"french-startup-poolside-nears-3b-valuation-for-ai-that-can-write-code","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=15672","title":{"rendered":"French startup Poolside nears $3B valuation for AI that can write code"},"content":{"rendered":"\n
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Paris-based AI<\/a> startup Poolside is in discussions to raise nearly $500mn at a $3bn valuation, Bloomberg <\/span>reports<\/span><\/a>.  <\/span><\/p>\n

Poolside is developing a ChatGPT-like large language model (LLM) that writes software code \u2014 but the business plan remains hush-hush. The company has yet to launch its first product.<\/span><\/p>\n

However, on its website Poolside states that it is currently training its LLM by \u201callowing it to improve by completing millions of tasks in tens of thousands of real world software projects.\u201d <\/span><\/p>\n

The startup<\/a> is currently focused on winning over developers and has shown a demo code-generation product to investors, a person familiar with the matter told Bloomberg.<\/span><\/p>\n

Bain Capital Ventures, an existing investor in Poolside, is in talks to lead the latest investment round.  <\/span><\/p>\n

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France is a growing hub for AI startups <\/b><\/h2>\n

Poolside was founded in April 2023 by Jason Warner and Eiso Kant. Warner was previously CTO at Microsoft-owned GitHub, which launched the AI-powered programming tool Copilot back in 2021. Kant previously founded source{d}, which in 2016 became one of the world\u2019s first companies dedicated to applying AI to code. <\/span><\/p>\n

In August 2023, Poolside raised a massive $126mn <\/span>seed round<\/span><\/a>, after which it moved its HQ from the US to Paris. That move came just a few months after French president Emmanuel Macron announced a <\/span>\u20ac500mn plan<\/span><\/a> to encourage the development of new AI \u201cchampions.\u201d <\/span><\/p>\n

France, and Paris in particular, has become a European hotbed for artificial intelligence. In June, OpenAI rival <\/span>Mistral raised <\/span>\u20ac600mn<\/span><\/a> at a \u20ac5.8bn valuation. In May, startup Holistic (now known simply as H) secured<\/span> $200mn<\/span><\/a> in a round that values the company at $370mn. Both startups are based in the City of Light. <\/span><\/p>\n

Poolside draws a number of parallels with Mistral in particular, which is also building LLMs that write code. However, Mistral is primarily targeting corporate customers, not developers.  <\/span><\/p>\n<\/p><\/div>\n

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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 \u2014 but…<\/p>\n","protected":false},"author":1,"featured_media":15673,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15672"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15672"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/15673"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}