AI Pioneers Back Startup Building Models to Predict Events
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The AI Race:Sooth Labs, whose team includes Chuck Hoover, Yaser Sheikh and Ruslan Salakhutdinov, aims to help businesses forecast the likelihood of specific events taking place.Sooth Labs, a new artificial intelligence lab founded by former Meta Platforms Inc. employees, is raising about $50 million in funding to build AI models meant to help businesses forecast the likelihood of specific geopolitical and market events taking place.Felicis Ventures is set to lead the round, which would value the startup at roughly $335 million, including the money raised, Sooth’s co-founders told Bloomberg News. The company has also secured backing from Yann LeCun, a former Meta executive and an AI pioneer, as well as from Google Chief Scientist Jeff Dean.
Meta Chief Technology Officer Andrew Bosworth is advising the firm.