Odaily Planet Daily News: People familiar with the matter revealed that Poolside, a startup developing artificial intelligence writing software, is in talks for a new round of financing, which will give it a valuation of $3 billion before the release of its initial product. People familiar with the matter said the company will raise nearly $500 million. Poolside's existing investor Bain Capital Ventures is in talks to lead this round of investment. Neither Poolside nor Bain Capital Ventures commented. Poolside was founded in early 2023 by Jason Warner, former chief technology officer of GitHub, and software entrepreneur Eiso Kant. The startup reportedly moved to France last year after receiving $126 million in seed round financing. In addition, two other Paris startups, Mistral AI and H, have also received large amounts of financing to create generative artificial intelligence models. (Bloomberg)