French Startup Poolside Nears $3 Billion Valuation for Coding AI

Poolside, a startup creating artificial intelligence to write software, is in talks to raise a new round of funding that would give it a $3 billion valuation even before releasing an initial product, according to people familiar with the deal.

The company is set to raise nearly $500 million in new financing, said the people, who asked not to be identified discussing private information.

The startup didn’t respond to requests for comment.

The large investment in the nascent company shows the continued investor appetite for AI startups, even as the public markets have cooledon the technology’s immediate commercial ...