DeepMind alumni raise US$200mil funding round for Holistic AI

Investors agreed to put in US$80mil in equity and US$120mil in convertible debt. — Bloomberg

PARIS: Holistic AI, a new startup in Paris working to leapfrog other generative artificial intelligence (AI) models, has closed the first tranche of a US$200mil initial financing round, according to people familiar with the deal.

Investors agreed to put in US$80mil in equity and US$120mil in convertible debt, chiefly for buying computing power, said the people who asked not to be identified because the details aren’t yet public.