LMArena’s valuation triples to $1.7 billion after raising $150 million in new funding round, attracting investors to AI startups. Investor interest in generative AI spikes after ChatGPT’s success, sparking Wall Street frenzy. LMArena, a platform for comparing language models, plans to use funds to expand team and research. Funding co-led by Felicis and UC Investments, with support from prominent Silicon Valley firms. Prior seed round raised $100 million.

Read more at Yahoo Finance: AI startup LMArena triples its valuation to $1.7 billion in latest fundraise