Chai – a leading social AI platform – recently announced that it has closed a strategic investment with CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads. This deal caps Chai’s valuation at $450 million.
This follows several months on from Chai’s pre-seed round, in which the company raised $2 million to further the goal of creating a more open and democratic AI platform.
CoreWeave’s strategic investment in Chai will power one of the first large-scale AI language model competitions where competitors submit language models to compete for user engagement in Chai’s popular entertainment app. The winners in the competition are rewarded with cash prizes and the title’s prestige.
Chai also deployed its service on top of CoreWeave’s infrastructure, meaning that every message sent on the platform goes through CoreWeave’s cloud.
KEY QUOTE:
“CoreWeave has the best insight into the inner workings of our business out of everyone. As our user base continues to grow, so will our demand for CoreWeave’s infrastructure offerings.”
- Chai CEO William Beauchamp
