Imbue raises $200 million at over $1 billion valuation in AI funding boost

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Companies across the world, from banks to big tech, have doubled down on investments in artificial intelligence (AI) after ChatGPT, a generative AI chatbot by Microsoft-backed MSFT.O OpenAI took the world by storm in late 2022.

“The latest funding will accelerate our development of AI systems that can reason and code,” the company said.