A secretive, one-year-old German artificial intelligence start-up is in talks to raise new funding at around a $4bn valuation, underscoring the fervour among investors to back promising technology in the sector.
Black Forest Labs, which focuses on using AI for image generation, is exploring raising between $200mn and $300mn, according to three people familiar with the matter.
The German start-up has previously raised undisclosed funding at around a $1bn valuation, securing backing from investors including Andreessen Horowitz.
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