On September 13, 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 CTO of GitHub, and software entrepreneur Eiso Kant. After receiving $126 million in seed round financing, the startup moved to France last year. In addition, two other Paris startups, Mistral AI and H, have also received a lot of financing to create generative artificial intelligence models.