River AI Raises $1.1 Billion to Accelerate Development of Personal AI Model
By Grace Yoon
River AI said it raised $1.1 billion in funding to build a personal AI model, led by General Catalyst and AMP PBC with strategic investments from NVIDIA and AMD Ventures.
The funding will accelerate River AI's mission to build powerful personal AI and give companies tools to train their own AI models, the full-stack AI company said.
"The core philosophy of putting ownership of intelligence in the hands of the people using it will prove to be on the right side of history for the open weight ecosystem," said General Catalyst Chief Executive Hemant Taneja.
River AI was founded by xAI co-founder Igor Babuschkin, who left the company last year.
The company said Babuschkin worked on generative modeling and reinforcement learning at Google DeepMind and led large-scale training efforts at OpenAI.
Babuschkin said that River AI will work to make AI open, freely available and affordable.
The company received additional investments from Y Combinator and Temasek.
Write to Grace Yoon at grace.yoon@wsj.com
(END) Dow Jones Newswires
August 11, 2026 10:31 ET (14:31 GMT)
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