WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Internet Technology Saturday, December 2, 2023 
Add Press Release News | News Feeds Feeds | Email This News Email

Social AI platform Chai announces strategic investment from CoreWeave at $450M valuation cap
Sunday, October 1, 2023

Leading social AI platform Chai empowers the community to create and experience the world's most entertaining chat AI.

PALO ALTO, Calif., Sept. 24, 2023 /PRNewswire/ -- Earlier this month AI platform Chai announced a partnership with specialized GPU provider CoreWeave, investing $8 million in GPU compute capped at a $450 million valuation. The investment follows several months on from Chai's pre-seed round, in which it raised $2 million to further the company's mission of creating a more open and democratic AI platform.

CoreWeave's strategic investment in Chai will go towards powering one of the first large-scale AI language model competitions, where competitors submit language models to compete for user engagement in Chai's popular entertainment app. Winners in the competition are rewarded with cash prizes and the prestige of the title.

It will also allow them to continue developing their in-house technology, which is already out-performing OpenAI's models on the platform. User engagement, as measured by screen-time, is the north star metric at Chai and their dedication to optimizing towards this is demonstrated clearly in posts from users sharing screen time stats of over 10 hours.

Every message sent on the platform goes through CoreWeave's servers. "They have the best insight into the inner workings of our business out of everyone," said Chai CEO William Beauchamp. "We're proud to be partnering with them. As our user base continues to grow, so will our demand for CoreWeave's infrastructure offerings."

For more information visit,

Press Contact

Joe Nelson
+1 (626) 594-8966

View original content to download multimedia:

SOURCE Chai Research

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav Mobile Value-added Services (VAS) Market to grow by USD 723.25 billion from 2022 to 2027 | Market is fragmented due to the presence of prominent companies like Alphabet Inc., America Movil SAB de CV & Apple Inc., and many more - Technavio | Dec 2, 2023
Nav Global Outsourced Semiconductor Assembly and Test Market Analysis Report 2023: The Rise of Chiplets, OSATs' Recipe for Success, Smart Manufacturing, AiP for 5G - Forecast to 2027 | Dec 2, 2023
Nav North America Motorcycle Connected Helmet Market Report 2023-2028: From Safety to Entertainment, Advanced HUDs Take Center Stage | Dec 2, 2023
Nav Aviture Promotes Brandon Suponchick to Chief Technology Officer | Dec 2, 2023
Nav Global Facility Management Services (FM) Markets Report 2023-2027 and 2032 - Government Investments in Smart Cities Boost Facility Management Sector | Dec 2, 2023
Nav Internet of Things (IoT) in Travel and Tourism, 2023 Thematic Intelligence Report - Impacts, Case Studies, Value Chain, Competitive Landscape | Dec 2, 2023
Nav South African Courier Industry Rethinks Distribution Strategies in a Changing Landscape | Dec 2, 2023
Nav JENTIS raises EUR11m Series A to make universal data capture a reality | Dec 2, 2023
Nav NetDirector Continues to Exceed Industry Security and Compliance Standards with SOC 2 and HIPAA/HITECH Audit Completion | Dec 2, 2023
Nav Europe Fixed Broadband Market Trends Report 2023: FTTH/B will Account for 73.3% of Total Fixed Broadband Lines in 2028, Up from 50.7% in 2023 | Dec 2, 2023

Submit News | View More News View More News