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AI Firm Chalk Valued at $500 Million After Raising $50 Million

  • Artificial intelligence infrastructure firm Chalk raised $50 million in a Series A round, valuing the company at $500 million.
  • Chalk aims to provide real-time AI infrastructure for various sectors including FinTech, identity verification, fraud prevention, healthcare, and eCommerce.
  • The fundraise will enhance Chalk's ability to build a fully general compute framework for developers to create transformative real-time AI applications.
  • Businesses are increasingly investing in generative AI, with a significant rise expected in enterprise spending by the end of the year.

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