Sources: AI model builder Core Automation, founded in March by Jerry Tworek, aims to raise $300M-$500M at a $4B valuation after raising $100M at a $1B valuation (The Information)

Core Automation, an AI model builder founded by Jerry Tworek in March, is seeking to raise between $300 million and $500 million at a valuation of $4 billion, following a previous funding round of $100 million at a $1 billion valuation. The company's growth reflects a broader trend in venture capital, spurred by Nvidia's investments in AI startups utilizing its chips, which has increased interest from traditional venture capital firms.