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River AI raises $1.1 billion in funding, with NVIDIA and AMD participating

2026-08-11 11:40

Odaily Planet Daily News: River AI, founded by xAI co-founder Igor Babuschkin, announced it has raised $1.1 billion in funding. The round was led by General Catalyst and AMP PBC, with NVIDIA and AMD also participating as investors. Additional strategic investments in this round came from Y Combinator and Temasek.