PANews reported on December 3 that, according to Decrypt, generative AI startup Together raised $102.5 million in a Series A round of financing, led by Kleiner Perkins, an American venture capital firm, and followed by NVIDIA and Emergence Capital. Other institutions participating in Series A include NEA, Prosperity 7, Greycroft, 137 Ventures, Lux Capital, Definition Capital, and Long Journey Ventures. The funds will be used to improve its cloud platform for AI applications, invest in R&D, contribute to open-source AI, and enhance its infrastructure. San Francisco-based Together was founded in June 2022 to develop open-source AI cloud software. The team is made up of veterans from Apple and ETH Zurich, as well as academics from Stanford University, the University of California, Berkeley, and the Massachusetts Institute of Technology. Previously, generative AI startup Together announced the completion of a $20 million seed round of financing, led by Lux Capital, with participation from Factory, SV Angel, First Round Capital, and others. It is reported that Together has released several projects that are supported by hundreds of thousands of AI developers, including GPT-JT, OpenChatKit, and RedPajama. Together has partnered with decentralized infrastructure providers, open source groups, and academic and corporate research labs to build a dedicated cloud platform for large models that can efficiently scale training and inference through research on distributed optimization, with plans to open access to the platform in the coming months.

AI startup Hugging Face is reviewing competing term sheets for a Series D funding round that could raise at least $200 million at a $4 billion valuation, people familiar with the matter said, according to Forbes on July 14. Sound Ventures is currently leading the round. Hugging Face co-founder and chief executive Clément Delangue is expected to select a preferred offer as soon as Friday, according to another source, who noted that the situation remains fluid, meaning no deal has been struck yet. Figures involved are subject to change. Several other sources, speaking on condition of anonymity, said Hugging Face could seek more financing, possibly as much as $300 million, while existing investors could still try to make a last-minute bid. Alphabet-backed venture capital firms GV and DFJ are also said to be eyeing the round, one of the sources added. Hugging Face did not respond to a request for comment. GV declined to comment. Coatue, DFJ, Kutcher and Lux did not respond.

Databricks has agreed to acquire generative artificial intelligence startup MosaicML for $1.3 billion, Reuters reported on June 26. Databricks said the deal will combine its artificial intelligence technology with MosaicML's language model platform, allowing companies to "maintain control of their valuable data in a simple and fast way without high costs." It is reported that MosaicML was founded in 2021 and has so far raised $64 million from investors including Lux Capital and DCVC.

According to TechCrunch, on May 16, the generative artificial intelligence startup Together announced the completion of a $20 million seed round of financing, led by Lux Capital, Factory, SV Angel, First Round Capital, Long Journey Ventures, Robot Ventures, Definition Capital, Susa Ventures, Cadenza Ventures and SCB 10x participated. In addition, several well-known angel investors also participated in the investment, including PayPal co-founder Scott Banister and Cloudera founding employee Jeff Hammerbacher. It is reported that Together was established in June 2022 by Vipul Ved Prakash, Ce Zhang, Chris Re and Percy Liang to create open source generative artificial intelligence models and services. Currently, Together is building a cloud platform for running, training, and fine-tuning open-source models. One of Together's first projects, RedPajama, aims to foster an open-source set of generative models. Other achievements of Together include GPT-JT and OpenChatKit.