📝 Chata Technologies raises $10M

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Chata Technologies has closed a $10 million Series A funding round to scale its "deterministic" AI model within the high-stakes world of global finance. Led by 7Ridge and Izou Partners, the investment reflects a growing institutional fatigue with the "hallucinations" and unpredictability of popular generative AI models like ChatGPT. While traditional generative AI is probabilistic, meaning it predicts the most likely next word and can give different answers to the same question, Chata’s proprietary AutoQL system is deterministic. It follows rigid logical pathways to ensure that if a user asks for a specific financial metric, the system provides the exact, consistent data every time, regardless of how the question is phrased.

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