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Three co-founders leave French AI startup H&M over operational differences

2024-08-25

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According to foreign media reports, on August 25, French artificial intelligence startup H said on Friday (August 23) that its three co-founders will leave the company due to operational differences.

H said in a LinkedIn post on Friday that co-founders Daan Wierstra, Karl Tuyls and Julien Perolat will leave the company. In the future, the company will be led by Chief Executive Officer Charles A. Kantor and Chief Technology Officer Laurent Sifre.

The company said in the post: While this was a difficult decision for all parties involved, everyone agrees that this will move the company forward and H will continue to have the full support of its investors and strategic partners.

Wierstra, Tuyls and Perolat are three of H&A’s five co-founders and three of four co-founders who joined the company from Alphabet’s artificial intelligence lab Google DeepMind, Bloomberg reported Friday.

Their departure reportedly occurred before Company H launched its product.

According to a report by Bloomberg on May 21, Company H raised $220 million in funding towards its goal of building general artificial intelligence.

Kanter told Bloomberg at the time that the company was working toward achieving Full AGI, or artificial general intelligence, a level of artificial intelligence that matches or exceeds human capabilities.

Before the name change was announced on May 21, H was known as Holistic AI. (Holistic is the name of an independent AI company based in the United Kingdom.)

PYMNTS reported in June that H is among the AI ​​agent startups that have received attention from investors and attracted investment at valuations that are above the fundamentals of its business.

In a post on LinkedIn on Friday, H said the company will continue to move forward and plans to release a series of models and products by the end of this year.

“When H was founded earlier this year, the team set out to bring the power of GenAI to people and businesses around the world through a new generation of action models,” the company said in a post. “Today, H’s team of nearly 40 engineers and researchers remains committed to that vision, developing cutting-edge action capabilities to increase worker productivity and advance the frontiers of AI research and engineering.”