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- Letta, one of UC Berkeley’s most anticipated AI startups, has just come out of stealth
Letta, one of UC Berkeley’s most anticipated AI startups, has just come out of stealth
Jacqueline Choi
September 26, 2024
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What's in this week's issue?
🎉 Letta, one of UC Berkeley’s most anticipated AI startups, has just come out of stealth
🤔 Here is what’s illegal under California’s 9 (and counting) new AI laws
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A startup called Letta has just emerged from stealth with tech that helps AI models remember users and conversations. Created in UC Berkeley’s famed labs startup factory, it also announced $10 million in seed money led by Felicis’ Astasia Myers, at a $70 million post-money valuation.
Letta is also backed by a who’s who of angel investors in AI, like Google’s Jeff Dean, Hugging Face’s Clem Delangue, Runway’s Cristóbal Valenzuela, and Anyscale’s Robert Nishihara, among others.
Founded by Berkeley PhD students Sarah Wooders and Charles Packer, this is a highly anticipated AI startup launch. That’s because it’s a child of Berkeley’s Sky Computing Lab and is the commercial entity of the popular MemGPT open source project.
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California Governor Gavin Newsom is currently considering 38 AI-related bills, including the highly contentious SB 1047, which the state’s legislature sent to his desk for final approval. These bills try to address the most pressing issues in artificial intelligence: everything from futuristic AI systems creating existential risk, deepfake nudes from AI image generators, to Hollywood studios creating AI clones of dead performers.
“Home to the majority of the world’s leading AI companies, California is working to harness these transformative technologies to help address pressing challenges while studying the risks they present,” said Governor Newsom’s office in a press release.
So far, Governor Newsom has signed nine of them into law, some of which are America’s most far reaching AI laws yet.
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