Austin-based webAI, which is building AI models that run locally on devices, raised “high double-digit” millions in a Series A at a $2.5B pre-money valuation (Dan Primack/Axios)

Dan Primack / Axios:
Austin-based webAI, which is building AI models that run locally on devices, raised “high double-digit” millions in a Series A at a $2.5B pre-money valuation  —  WebAI, an Austin, Texas-based sovereign AI platform, raised “high double-digit” millions of dollars at a $2.5 billion pre-money valuation, it tells Axios.