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Listen Labs, a market research startup that uses voice AI to conduct customer interviews, recently signed a term sheet for a $125 million Series C at a $1.5 billion valuation, with Menlo Ventures set to lead the round, according to several people with knowledge of the matter.

For years, generative AI workflows have meant stitching together separate models: one for image generation, another for video synthesis, yet another for audio creation, and entirely disconnected tools for anything involving spatial reasoning or action prediction. FLUX 3, announced by Black Forest Labs, aims to collapse that fragmented stack into a single unified architecture.