Paris-basedAIstartup Poolside is in discussions to raise nearly $500mn at a $3bn valuation, Bloombergreports.
The company has yet to launch its first product.
40% off TNW Conference!
Warner was previously CTO at Microsoft-owned GitHub, which launched the AI-powered programming tool Copilot back in 2021.
France, and Paris in particular, has become a European hotbed for artificial intelligence.
In June, OpenAI rivalMistral raised600mnat a 5.8bn valuation.
Both startups are based in the City of Light.
Poolside draws a number of parallels with Mistral in particular, which is also building LLMs that write code.
However, Mistral is primarily targeting corporate customers, not developers.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
