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AI Firm Seeks to Raise $100 Million to Cut Bankers’ Grunt Work
Source: Bloomberg
Artificial IntelligenceFintechPrivate Markets & Venture
Model ML, which provides AI software to investment banks and other financial institutions, is reportedly seeking to raise more than $100 million at a valuation above $1 billion. The prospective financing would mark a significant private-market validation of AI adoption in financial services, though discussions are ongoing and terms are not finalized.
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