Technology

Holistic AI Is Now H, a New French Startup With $220 Million Out of the Gate

, and Summarizely AI

May 22, 2024 . 12:05 AM

1 min read

Holistic AI Is Now H, a New French Startup With $220 Million Out of the Gate — (Bloomberg) -- A French artificial intelligence startup, simply called H, has raised $220 million in initial financing from a slew of billionaires and venture capitalists on the promise of building the next generation of powerful AI tools. Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML, TSMC Can Disable Chip Machines If China Invades TaiwanHims Debuts $199 Weight-Loss Shots at 85% Discount to Wegovy‘It Felt Like We Had Crashed,’ a Singapore Air Passenger

French startup H has raised $220 million in initial financing from billionaires and venture capitalists to build the next generation of powerful AI tools. The startup, previously known as Holistic AI, aims to produce models capable of reasoning, planning, and performing complex tasks. H has recruited 25 AI engineers and scientists for its initial team and will be working with strategic partners on commercial, market access, and computing partnerships. The company is working toward "full-AGI," a type of superhuman AI that can be deployed across a wide range of tasks. France has become a hotbed of AI in Europe, drawing in investments from US venture capitalists and tech giants. Parisian startup Mistral AI raised more than $500 million since forming in early 2023. Bpifrance, which backed Mistral, is also investing in H. As are a number of French venture firms, including Elaia Partners and Motier Ventures.

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