Sources: Black Forest Labs, whose Flux.1 model powers Grok's image generator, is raising $100M at a $1B valuation; Black Forest raised a $31M seed (Ingrid Lunden/TechCrunch) 20-09-2024

Ingrid Lunden / TechCrunch:
Sources: Black Forest Labs, whose Flux.1 model powers Grok’s image generator, is raising $100M at a $1B valuation; Black Forest raised a $31M seed — While OpenAI pursues yet another monster fundraise, it is not stealing all the oxygen in the room: AI startups building promising foundational models …