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River AI Secures $1.1 Billion to Decentralize Enterprise Model Training

Igor Babuschkin, a veteran of OpenAI and xAI, has secured $1.1 billion in fresh capital for his startup, River AI. The funding round, led by General Catalyst and AMP PBC, aims to pivot the enterprise sector away from monolithic, black-box systems toward custom-built models tailored to private corporate data.

River AI Secures $1.1 Billion to Decentralize Enterprise Model Training
Photo: Business Person

The capital injection includes strategic backing from chip giants Nvidia and AMD Ventures, alongside contributions from Y Combinator and Temasek. River AI intends to challenge the dominance of large-lab general-purpose models by providing an API capable of executing complex reinforcement-learning training runs in under 20 minutes. According to the company, this infrastructure-free approach offers a cost reduction of two to four times compared to existing closed-source alternatives.

Babuschkin argues that the current trajectory of artificial intelligence favors the labs that train the models rather than the users deploying them. By focusing on open-weight models, River AI hopes to make high-performance computing affordable and accessible. The company did not disclose its post-money valuation. Babuschkin previously held key roles at Google DeepMind and OpenAI, where he focused on generative modeling and large-scale training architectures.

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