Spatial computing company World Labs, backed by Cisco, is reportedly in discussions with investors. The firm seeks to raise up to $500 million in a new funding round. This round would value the company at $5 billion. The final deal size and involved investors may change as talks are ongoing. This development underscores Cisco's strategic investment in artificial intelligence.
Renowned AI scientist Dr. Fei-Fei Li founded World Labs. The company develops AI tools capable of navigating the 3D world.
World Labs launched its first product, Marble. Marble is a generative multimodal world model that creates 3D environments from text or image prompts.
The significant valuation and funding talks indicate strong investor confidence in the company's technology and its potential within the AI landscape.