Quora's Vision For AI Chatbots Takes A Giant Leap With $75M Funding From Silicon Valley's Andreessen Horowitz

In a recent social media thread, Adam D’Angelo, Quora’s CEO, detailed plans to use a $75 million funding round to speed up the expansion of Poe, their AI chat product.

What Happened: On Thursday, D’Angelo revealed on Twitter that Quora has raised $75 million from Andreessen Horowitz. The funding will primarily be used to accelerate Poe’s growth and pay bot creators through a newly-launched creator monetization program.

This funding round has valued Quora at $500 million. 

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D’Angelo went on to explain that the company perceives Poe’s role in AI to be similar to the web browser’s function during the internet’s early development. The CEO outlined two primary goals: to make Poe the best platform for consumers to interact with various AI products and to make it the easiest way for developers to build an AI chat product and reach a large audience.

The CEO expressed excitement about enabling smaller AI research groups or companies to reach a large audience, especially those with unique talent or technology but lacking resources to build and market a product to mainstream consumers.

Why It Matters: Andreessen Horowitz’s investment in Quora comes on the heels of their participation in a $415 million funding round for French startup Mistral AI in December 2023. 

This shows the firm’s growing interest in AI technology and its commitment to fostering an AI-creator economy. 

The investment in Quora provides the financial means for the company to expand its AI chat platform, Poe. It also offers a boost to smaller AI research groups and companies striving to reach a larger audience.

Image Credits – Shutterstock

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