Prentis, new AI lab co-founded by Reid Hoffman, Mark Pincus in talks to raise $100M
By Pradhyuman,
Reid Hoffman and Mark Pincus are back at it, raising $100 million for their new AI startup, Prentis, at a casual $1 billion valuation. They want to automate boring office work using cheap, small models. They even claim they outperform OpenAI. But there is one massive catch in their pitch deck that most investors are completely ignoring. It turns out their $75 million revenue projection is actually based on hypothetical savings, not real money in the bank. We are back in hype season, and it is wild. Keep visiting to get more updates. Maintained by Pradhyuman.
Filed under: Funding & Business, Models & Research