Year-old AI lab Flapping Airplanes raises $1B at a $6B valuation
By Julie Bort
Just 9 months after raising an $180 million seed round, Flapping Airplanes has landed $1 billion Series A for its mission to build AI models "without ingesting half the internet."
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Artificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
More about Artificial intelligenceFunding round
A stage in which a startup raises money from investors, named in sequence such as seed, Series A and Series B.
Each round sets a valuation and shows how much confidence investors have in the company.
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