Sources: Black Forest Labs, whose Flux.1 model powers Grok's image generator, is raising $100M at a $1B valuation; Black Forest raised a $31M seed (Ingrid Lunden/TechCrunch)

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Ingrid Lunden / TechCrunch:
Sources: Black Forest Labs, whose Flux.1 model powers Grok's image generator, is raising $100M at a $1B valuation; Black Forest raised a $31M seed  —  While OpenAI pursues yet another monster fundraise, it is not stealing all the oxygen in the room: AI startups building promising foundational models …

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