AI21 has announced the completion of its Series C funding, raising $53 million, with a total valuation of $1.4 billion and a total funding amount of $208 million. Amid internal turmoil at OpenAI, AI21 has chosen to announce its funding to compete for market share in generative AI. AI21 emphasizes close collaboration with enterprises, focusing on customization, robustness, and security, offering tailored solutions that differ from OpenAI. AI21 has performed well in the competition, welcoming investments from Intel Capital and Comcast Ventures.

Israeli startup AI21 Labs announced the completion of $155 million in funding, with Google and Nvidia also participating. AI21 Labs focuses on customized generative AI models, boasting its own large model, Jurassic-2, competing with OpenAI to provide more accurate and reliable text generation services.

The co-founder of AI21 Labs stated that they usually win in the competition with OpenAI for enterprise AI business. OpenAI's tools, such as ChatGPT, often do not perform stably enough to meet enterprise demands. AI21 Labs focuses on improving model stability and interpretability while providing custom language models.

AI21 Labs has completed a $155 million Series C funding round, reaching a valuation of $1.4 billion. AI21's proprietary Jurassic-2 model is considered one of the largest LLMs in the world. Recently, AI21 has collaborated with clients across various industries and has been selected for the inaugural CB Insights GenAI50 list.