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OpenAI’s Japanese Rival Gets $1 Billion Valuation From Silicon Valley Investors

In their hunt for artificial intelligence investments, U.S. venture capitalists are looking past Silicon Valley at foreign AI startups, betting that locally developed large-language models will outperform imports from the U.S.The latest to win their affections is Sakana AI, a Tokyo-based large-language model developer. Founded last year by alumni of Google’s DeepMind, Sakana is raising around $100 million in a new financing co-led by New Enterprise Associates and existing investors Lux Capital ...

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