Switzerland-based AI startup Giotto.ai is launching a funding round at a valuation exceeding $1bn, Reuters reported, citing sources familiar with the matter. The company aims to establish itself as a leading European entity in the pursuit of artificial general intelligence (AGI). Giotto.ai has engaged investment bank Lazard to assist in raising more than $200m (SFr158m), according to insiders who requested anonymity due to the sensitive nature of the discussions. The Lausanne-based company intends to ...