TechFlow news, August 9 — According to Techinasia, Periodic Labs, founded by Liam Fedus, former vice president of research at OpenAI, and Ekin Dogus Cubuk, former research scientist at DeepMind, has raised $200 million in funding, reaching a post-money valuation of $1 billion. The company focuses on using artificial intelligence technologies for new materials research and discovery. Andreessen Horowitz led the round, with OpenAI expected to participate as well.
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