Sources: the IPO of Nvidia-backed data center provider Firmus is uncertain after failing to attract adequate support, underscoring concerns over AI funding (Bloomberg)
The sudden plunge in demand for an Nvidia-backed data center company's initial public offering is revealing fresh cracks in the AI funding boom.
Isomorphic Labs, an AI-powered drug discovery startup spun out of Google DeepMind, is in early talks to raise new funds at a valuation of at least $40 billion, according to Bloomberg.
The company is focused on using AI for drug discovery.
No further details on the funding talks were reported.
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