French startup Poolside nears $3B valuation for AI that can write code

Paris-based AI startup Poolside is in discussions to raise nearly $500mn at a $3bn valuation, Bloomberg reports.   Poolside is developing a ChatGPT-like large language model (LLM) that writes software code — but the business plan remains hush-hush. The company has yet to launch its first product. However, on its website Poolside states that it is currently training its LLM by “allowing it to improve by completing millions of tasks in tens of thousands of real world software projects.”  The startup is currently focused on winning over developers and has shown a demo code-generation product to investors, a person familiar with…

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