TypeSafe AI hits $7.5B with Jev model

typesafe ai, co-founded by diogo almeida, sasha sheng, and erik gafni, raised $870m at a $7.5b valuation. its ai model, jev, launched on sept 15 and quickly gained popularity. jev is based on a transformer architecture but doesn't output text; instead, it produces probabilities. the company claims jev works significantly faster and uses far fewer tokens than large language models. 1/3 of fortune 500 companies are already using jev, which is positioned for automating tasks rather than generating text or code.