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How will generative AI pay off? - SiliconANGLE

While generative AI holds transformative promise for some, for others it heralds large-scale job losses and widespread ethical and security challenges. Even if this technological revolution lives up to its potential, it is clear its benefits will take years to reach consumers and firms in poorer countries.

The race to build the next big large language model is on, and now a contender out of China has reportedly banked a major round of funding to catapult it to the front of the pack. Moonshot AI, an artificial intelligence startup founded less than a year ago building LLMs that can handle long inputs of text and data, has raised over $1 billion in a Series B round, according to multiple media reports out of China. If accurate, this latest injection of capital would value Moonshot AI at $2.5 billion -- the largest single funding round for Chinese LLM developers on public record.

Today the Paris-based Bioptimus, which plans to build the first universal AI foundation model for biology, emerged from stealth with $35M.

The company was founded by former Google DeepMind and Owkin scientists.