Fei-Fei Li, known as the 'Godmother of AI,' has founded a startup called World Labs, aiming to develop 'spatial intelligence' in AI. The company raised over $100 million in funding, valuing it at $1 billion. Li's business focuses on humanlike processing of visual data. Arcee AI, a company led by Emergence Capital, secured a $24 million Series A funding round less than a year after emerging from stealth. The investment will support Arcee AI's platform for training domain-specific Small Language Models (SLMs) efficiently.