French artificial intelligence (AI) startup H announced on Friday (August 23) that its three co-founders are leaving the company due to “business differences.”
Co-founders Daan Wierstra, Carl Tuils and Julien Perolat are leaving the company, H said in a LinkedIn post on Friday. CEO Charles A. Cantor and Chief Technology Officer Laurent Chiffre will now lead the company.
“While this is a difficult decision for all involved, we all agree this is the best move forward for the company, and H continues to have the full support of our investors and strategic partners,” the company said in a post.
Wierstra, Tuils and Pelorat are three of H's five co-founders and three of four co-founders who joined the company from Alphabet Inc.'s AI lab, Google DeepMind, Bloomberg reported on Friday.
Their departures reportedly occurred before H released the product.
H has raised $220 million with the goal of building a general artificial intelligence, Bloomberg reported on May 21.
Kanter told Bloomberg at the time that the company was working toward “full AGI,” or artificial general intelligence, a level of AI that matches or exceeds human capabilities.
Before the rebranding was announced on May 21, H was known as Holistic AI. (Holistic is the name of another UK-based AI company.)
H is one of several artificial intelligence agent startups that have attracted investor attention and raised investments at valuations above the fundamentals of their businesses, PYMNTS reported in June.
In a LinkedIn post on Friday, H said the company “continues its journey” and plans to release a series of models and products by the end of the year.
“When H Company was founded earlier this year, the team aimed to spread the power of GenAI to people and businesses around the world through a new generation of action models,” the company said in a post. “Today, H's team of about 40 engineers and researchers remains committed to this vision, developing cutting-edge action capabilities that increase worker productivity and push the boundaries of AI research and engineering.”
Read more: AGI, AI, Artificial General Intelligence, Artificial Intelligence, Daan Wierstra, H, Julien Perolat, Karl Tuyls, News, HR, PYMNTS News, Startups, Featured News
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