AI leaderboard Arena's valuation doubles to $3.1B after $200M funding round

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The company operating the LMArena AI leaderboard has raised $200 million in new funding. The round was led by venture capital firms Lightspeed and Khosla Ventures. This investment has nearly doubled the company's valuation to $3.1 billion within ten months. The firm is expanding its evaluation criteria to now measure AI models on alignment issues, including instances of dishonesty.

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