AI Startup AGI in talks to raise funding at $500M valuation, Forbes reports

Artificial intelligence startup AGI, Inc is in talks to raise $50M at a $500M valuation, people familiar with the matter told Forbes. The company, which previously raised $10M from Menlo Ventures, is aiming to develop AI assistants that can use devices on behalf of humans, Forbes’ Anna Tong reports. Beyond this, sources told Forbes that AGI, Inc has told investors it’s begun partnership discussions with a number of big device manufacturers. Samsung (SSNLF), Lenovo (LNVGY) and Xiaomi (XIACY) are among the companies exploring its “agentic” AI technology which would power AI assistants capable of performing actions more complex than current assistants like Siri and Google (GOOGL) Assistant.