General Intuition is in talks to raise about $300M, TechCrunch reports

In short: AI startup General Intuition is reportedly in talks to raise around $300 million, and it has not announced a closed $320 million round.

What happened

TechCrunch reports that General Intuition, an AI research startup based in New York and Geneva, is in discussions to raise about $300 million. The talks would value the company at a little over $2 billion.

Some posts and summaries have mentioned a closed $320 million round. But current reporting describes the funding as “in talks,” not finished, and the most specific figure cited is around $300 million.

General Intuition previously raised a seed round reported at about $133.7 million to $134 million. That seed round was led by Khosla Ventures and General Catalyst, with other backers participating.

Why it matters

The company’s plan is unusual and easy to picture. It wants to train AI “agents” (software that can take actions, like a player in a game) by learning from huge amounts of first-person gameplay video. Medal, a gaming clip sharing platform that General Intuition spun out of, is said to generate about 2 billion videos per year from around 10 million monthly users.

General Intuition believes this footage can teach an AI system better timing and decision-making in changing situations, more like how people react in fast games. If it works, the same skills could later help in real-world jobs that need quick, safe movement and planning, like robots or drones.

Source: TechCrunch AI