A startup founded by an xAI co-founder has raised $1.1 billion to build custom AI tools

The startup, founded by xAI co-founder Igor Babuschkin, counts General Catalyst, Nvidia, and AMD Ventures among its investors

Aug 11 : Startup River AI, founded by xAI co-founder Igor Babuschkin, said on Tuesday it has raised $1.1 billion, looking to expand tools that help clients build personalized AI models on their own data.The fundraise was led by General Catalyst and AMP PBC, with strategic investment from Nvidia and AMD Ventures. Additi