Vercel completes $250 mln Series E round at $3.25 bln valuation
https:// www.reuters.com /technology/vercel-completes-250-mln-series-e-round-325-bln-valuation-2024-05-16/ Vercel completes $250 mln Series E round at $3.25 bln valuation
Vercel said it will use the funds to build out its v0 product, which leverages generative artificial intelligence to build user interfaces from text descriptions.
Users can tell v0 what they want their websites to look like and v0 will generate the code, eliminating the need for coding skills.
The goal of v0 is to enable companies to instantly generate personalized websites, Rauch said.
🤮
4In other words, it's just a ChatGPT prompt and a bit of infrastructure. I'll build it for $50 million in VC funds. Come save 80%, capitalists.
Edit: I'll value it at one hundred... billion?
2Does this mean that they're going to stop funding the development of Next.js and Sveltekit?
1Definitely not. Though I would have preferred that they put those millions toward improving the DX and fixing bugs in Next.js and Satori 😒
2