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Ex-OpenAI, DeepMind Staffers Set for $1 Billion Value in Andreessen-Led Round

BloombergFriday, August 8, 2025 at 11:49:03 PM
PositiveTechnologyAI/Startups
Ex-OpenAI, DeepMind Staffers Set for $1 Billion Value in Andreessen-Led Round
A new AI startup called Periodic Labs, founded by former OpenAI and DeepMind employees, is set to reach a $1 billion valuation after a $200 million funding round led by Andreessen Horowitz. The company focuses on using artificial intelligence to advance material science.
Editor’s Note: This story highlights the growing influence of AI in scientific research and the high investor confidence in startups led by top talent from major AI firms. If successful, Periodic Labs could accelerate breakthroughs in material science, potentially leading to innovations in everything from electronics to clean energy. Big-money backing like this signals that AI's next frontier isn't just chatbots—it's real-world science.
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