Swiss startup Prem AI is raising $100M so hedge funds and law firms can own their AI instead of renting it

Prem AI, a Swiss startup that helps hedge funds and law firms run AI models on their own infrastructure, is raising $100 million in a Series A at a valuation of at least $500 million. The company expects to close the round in the third quarter. CEO and founder Simone Giacomelli said the pitch is…