<ul><li>AI21, an Israeli startup backed by Nvidia, is raising a $300 million Series D funding round to build its own large language models (LLMs).</li><li>The company aims to reduce hallucinations in generative AI, enhancing reliability for businesses. Investors in this funding round include Google and Nvidia, while customers of AI21 include Wix and Capgemini.</li><li>Founded in 2017 by Amnon Shashua, Professor Yoav Shoham, and Ori Goshen, AI21 is known for building its LLMs from scratch, focusing on making generative AI more dependable by reducing hallucinations.</li><li>AI21's recent launch of an AI orchestration system called Maestro claims to reduce hallucinations by 50% and boost reasoning model accuracy to over 95%. The company's total funding post this round would reach $636 million.</li></ul>

Nvidia-backed Israeli AI startup AI21 is raising a $300 million funding round

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