Departing Google chief scientist Jeff Dean has been in talks for a $10 billion valuation for his new AI startup
The legendary Google engineer has been in discussions for a $1 billion funding round in his new AI startup, Discovery Loop.
Google's renowned chief scientist Jeff Dean has announced his departure from the tech giant to launch a new AI startup, Discovery Loop. Sources reveal that Dean has been engaged in talks to secure a $1 billion investment for Discovery Loop, which he estimates to be valued at approximately $10 billion. Dean, who spent 27 years at Google, is aiming to utilize AI to address some of science and engineering's most formidable challenges.
Discovery Loop's mission, as outlined by Dean on social media, is to automate machine learning, science, and engineering, thereby accelerating discoveries and progress. The startup's initial funding round is led by Radical Ventures and Khosla Ventures, with participation from Lightspeed, Kleiner Perkins, and Doerr Capital. Dean's team, which includes key figures like Sanjay Ghemawat, Quoc Le, and Oriol Vinyals, brings decades of experience in building Google's most significant products.
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