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The company founded by Fei-Fei Li, known as the “godmother of artificial intelligence,” is comparable to companies in the same field after raising a huge funding of $230 million.
Techcrunch said Ms. Li raised funds for her startup World Labs after receiving strong support from venture capital firms, including Radical Ventures, NEA and Andreessen Horowitz. World Labs raised millions of dollars in just two rounds of financing, which were raised only a few months apart. This gave the company a valuation of more than $1 billion.
Fei-Fei Li’s World Labs
According to Bloomberg, World Labs will be completely controlled by users. This means that Fei-Fei Li’s World Labs will provide AI models that can make decisions in the 3D world. It is called a “large-scale world model” and is expected to cater to individual professionals (such as developers and engineers) as well as game companies and studios.
Robin Li will live up to his title as the “godmother of AI” and push forward the development of AI with this ambitious startup.
With huge capital and the expectation of starting to create models as early as 2025, the report also pointed out that Fei-Fei Li is likely to resign as co-director of Stanford University’s human-centered artificial intelligence department. She will be joined by three other founders with expertise in artificial intelligence.
As the startup grows, Lee said in his TED talk that he hopes to see artificial intelligence combined with action perception, which is currently beyond the capabilities of artificial intelligence.