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American Open-Source Labs Think They Can Beat China’s Best AI Startups
Back in October 2024, Poolside was an early AI star. Cofounded by former Github CTO Jason Warner, the startup had raised $500 million on a $3 billion valuation to build coding agents for governments and large companies. But over the next 18 months, Poolside largely disappeared from view, while OpenAI and Anthropic ballooned to nearly trillion-dollar valuations with a crop of Chinese labs building open source models nipping at their heels. Now Poolside is back with a new model called Laguna that on public benchmarks beats its American and Chinese open source competition — with the very notable…
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