Gimlet Labs completes $300 million financing, valued at $3 billion

According to Bloomberg, AI infrastructure startup Gimlet Labs has raised $300 million in funding, valued at $3 billion. This round of funding is led by Andreessen Horowitz (a16z), with participation from Arm Holdings and Microsoft's venture capital fund M12. Gimlet Labs helps clients allocate AI tasks to different types of chips and is working with Arm to make its software compatible with Arm's various chip technologies.