European AI Defense Firm Helsing Secures $223 Million in Funding to Advance AI Technology for Safeguarding Democracies
Summary:
European AI defense company Helsing secures $223 million in funding, with General Catalyst leading the round. The company specializes in AI-powered military solutions and aims to advance AI technology for the protection of democratic nations. Saab, a strategic investor, also participates in the funding. The rise of AI in the military sector has attracted interest from numerous firms, including Kratos Defense and Shield AI. The development of generative AI has improved natural language processing capabilities. Concerns over AI's impact are highlighted by Hollywood actors' strike.
European AI defense firm Helsing has successfully raised $223 million in Series B funding, with General Catalyst leading the round. Strategic investor Saab, a Swedish aerospace and automotive manufacturer, also participated in the funding. Helsing, founded in 2021, specializes in AI-powered military solutions and components, and is actively involved in projects like the NATO Eurofighter aircraft upgrade and the Future Combat Air System (FCAS) initiative. The company's focus on advancing AI technology for the protection of democratic nations has garnered strong support from both governments and the industry. With the rapid expansion of AI in various sectors, including the military, there has been a growing number of firms aiming to offer more efficient and cost-effective AI-driven solutions for governments and armed forces. Industry players such as Kratos Defense and Shield AI, based in San Diego, are also venturing into this field. The development of generative AI has significantly improved the capabilities of natural language processing systems, enabling human-like text generation, language translation, and more. The rise of AI has been a matter of concern for certain industries, as demonstrated by Hollywood actors' announcement of a strike due to AI's involvement in representing background performers. Generative AI, a type of AI that creates new content using prompts and training on extensive data, has raised questions about its impact on various professions.
Published At
9/15/2023 11:08:26 AM
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