Sources: former Google exec Jeff Dean is in talks for $1B in funding at a ~$10B valuation for his new science and engineering-focused AI startup, Discovery Loop (Business Insider)
Jeff Dean spent 27 years helping build Google. Now, investors could be betting $1 billion that he can build the next big thing in AI outside it.
Jeff Dean, a former Google executive who spent 27 years at the company, has left to start a new AI company called Discovery Loop. According to Business Insider, Dean is in talks to raise $1 billion in funding at a valuation of around $10 billion.
The company aims to use AI to tackle some of the biggest challenges in science and engineering. Dean has described Discovery Loop as a public benefit corporation that seeks to automate machine learning, science, and engineering to accelerate discoveries and progress.
Details of the funding round could still change, and a representative for Dean declined to comment.
Brief written by urgent.news from Techmeme, Business Insider — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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