According to a report by Reuters, several US and Britain-based venture capitalists raced to Paris to compete for a stake in a new AI company that could reimagine how people work in December and January. The startup they courted, Dust, had two people, which has not been incorporated yet. The company rejected a generous proposal by investment firm Coatue Management among other offers. The company aims to develop AI tools that enhance white-collar workers’ productivity.
Read More: Venture capitalists race to land next AI deal on Big Tech’s turf
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