Paul Briggs

@SebJohnsonUK @prior_labs @FrankRHutter @noahholl Very cracked

A European startup that built a foundational model with only $9m has just been acquired for $1bn+. The company - @prior_labs, has built a state-of-the-art foundation model for tabular data. It was founded by @FrankRHutter, @noahholl and Sauraj Gambhir, and only announced a $9m pre-seed led by @balderton (@Jameswise) last year. Tabular data, i.e. structured data in tables, spreadsheets, and databases, plays an essential role is many critical industries, but was neglected in the early advances in AI that focused on text and images. Today SAP has announced that it is acquiring the company for $1bn+. To date Prior Labs has only raised $9m which means it will likely be a great result for its founders, employee and early investors who include Balderton, @guypod, @Thom_Wolf, @petersarlin. It's great to see a good exit for the German tech ecosystem and even better to see it staying in Europe! It also shows how much there is to play for in AI. The team have built an insanely high quality, hyper-focused model and have got a unicorn outcome on just under a year. Amazing news!

@UKSovereignAI @Jameswise @IneffableLabs Super cracked

🇬🇧 Sovereign AI is backing @IneffableLabs 🇬🇧 We can announce Sovereign AI has invested in Ineffable. Led by David Silver, Ineffable is building learning systems that can go beyond the limits of human knowledge, learning continuously to push the frontiers of science and technology.

@UKSovereignAI Cracked

It's been 10 days since our launch. Let's hear from those in the room. 👇

@matthewclifford @jimmym @join_ef Very cracked

Some personal news: After 15 years of building @join_ef full-time, today I transition to non-executive Chair. I’m immensely proud of what we’ve built and am so thankful to our team, our investors and our founders for the journey so far (1/5)

@matthewclifford Cracked

Sovereign AI launches today - making this happen was one of my main motivations for writing the AI Opportunities Action Plan. Excited to see my former colleagues go after it with such energy and ambition!👇

@convergence_ai_ @salesforce Very cracked

"The true guardian of the city must not have private wealth, lest he be tempted to serve his own interests instead of the common good." - Plato, author of The Republic

@convergence_ai_ Cracked tech

@convergence_ai_ @emergence_ai @hcompany_ai @AnthropicAI Cracked