Quora CEO Adam D'Angelo has announced the successful completion of a $75 million financing round, with Andreessen Horowitz (a16z) leading the investment.

The newly acquired funds will play a pivotal role in expediting the development of Quora's AI chatbot platform, Poe.

The primary allocation of these funds is earmarked for the platform's creator monetization program, benefiting those contributing to Poe's burgeoning ecosystem.

Millions of Users

D'Angelo expressed enthusiasm about the progress made by Poe, which, nearly a year post-launch, boasts millions of users, encompassing both free-tier and premium subscribers.

The platform has witnessed the creation of millions of bots, developed by users and API-enabled developers alike.

Collaborating with David George and the a16z team is anticipated to accelerate enhancements for users and creators, making AI more accessible to the general public.

Quora aspires to expedite mainstream AI adoption, unlocking societal benefits such as enhanced knowledge access, democratised creative expression, and accelerated economic growth.

The injection of capital is expected to expedite progress towards these goals, fostering a creator economy for AI across diverse technology providers.

Helping Smaller AI Companies

Quora also intends to enable smaller AI research groups and companies with distinctive talents or technologies to reach a global audience.

This approach aims to hasten the diffusion of AI knowledge worldwide and empower smaller researchers with the revenue necessary for significant model training and further research.

As part of this initiative, developers interested in contributing to Poe's ecosystem can find more information at developer.poe.com.

Using the Money Wisely

Quora emphasizes that the primary focus is on leveraging the new capital.

The upcoming phase of the creator monetization program will channel the majority of funds to developers, aiming to position Poe as a unified interface for cutting-edge AI products.

The company also plans to expedite product development and explore opportunities for AI to enhance human expert knowledge sharing in synergy with Quora.