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RIVER AI RAISES $1B FOR LOCAL AI SERVERS

River AI, founded by xAI co-founder Igor Babuschkin, secured $1 billion in funding led by General Catalyst to develop AI servers for homes and small businesses. The company aims to enable users to run and customize artificial intelligence models locally, without relying on cloud-based services.

1 SOURCEFIRST SEEN AUG 11, 11:20 AM► READ THE ARTICLE

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xAI co-founder Igor Babuschkin's River AI raised $1B led by General Catalyst to build home or small business computer servers capable of running AI locally (Cade Metz/New York Times)

Cade Metz / New York Times: xAI co-founder Igor Babuschkin's River AI raised $1B led by General Catalyst to build home o…

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