AI Memory Startup Engram Raises $98 Million As It Seeks To Slash Token Costs

Source: International Business Times

Courtesy/Engram Artificial intelligence startup Engram has raised $98 million in fresh funding as investors increasingly bet that the next frontier in AI is not simply building larger models, but making them more efficient. The eight-month-old startup announced on Thursday that the funds come from a powerhouse group of investors that includes venture capital firms General Catalyst, Kleiner Perkins, and Sequoia, as well as AI researcher and OpenAI co-founder Andrej Karpathy, who recently joined Anthropic. Read moreRipple Beat Europe's Crypto Deadline by 8 Days.