H, the French artificial intelligence startup founded by veterans of Google’s DeepMind AI lab and backed by billionaires including LVMH General manager Bernard Arnaultis preparing for a new funding round after announcing its first product.
The Paris-based AI company is operating on less cash than its competitors and will need to seek more capital, according to CEO Charles Kantor, who founded the startup with DeepMind alumnus Laurent Sifre. The company plans to launch more products before the end of the year and the next funding round could happen “in the next few months,” he said in an interview.