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ByAnna Tong,
Forbes Staff.
Artificial intelligence startup AGI, Inc is in talks to raise $50 million at a $500 million valuation, people familiar with the matter told Forbes. The company, which previously raised $10 million from Menlo Ventures, is aiming to develop AI assistants that can use devices on behalf of humans.
Beyond this, sources told Forbes that AGI, Inc has told investors it’s begun partnership discussions with a number of big device manufacturers. Samsung, Lenovo and Xiaomi are among the companies exploring its “agentic” AI technology which would power AI assistants capable of performing actions more complex than current assistants like Siri and Google Assistant.
