Jeff Dean's Discovery Loop seeks $50 billion valuation

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Jeff Dean's Discovery Loop seeks $50 billion valuation
Technology

Business Insider

Jeff Dean, who resigned as Google’s chief scientist last month, is again raising capital for his new AI startup Discovery Loop, with people familiar saying the company is seeking roughly a $50 billion valuation. Weeks earlier the firm had been raising $1 billion at about a $10 billion valuation. Discovery Loop says it aims to automate discovery by running thousands of experiments and lists several high-profile cofounders from Google and DeepMind; early investors include Radical Ventures, Khosla Ventures and Alphabet as a founding investor and cloud partner. The effort underscores strong investor appetite and valuation pressure in frontier AI.

Discovery Loop is reportedly targeting a $50 billion valuation.

Context

Jeff Dean left Google last month and formed Discovery Loop. The company first sought a $10 billion valuation while raising $1 billion. Now it is reportedly seeking a much higher valuation and may pursue additional funding.

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