AI lab Flapping Airplanes is now worth $6B, four times its January value

Flapping Airplanes, a San Francisco-based AI research lab, closed a funding round at a $6B valuation with $1B raised, led by Index Ventures and Lux Capital according to Bloomberg. The lab's valuation has increased four times over since January. The company is focused on developing methods to train AI models with reduced data and compute requirements, though it has not yet launched a commercial product.

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