AI Startups
AI Science Startup Periodic Labs, Founded by Ex-OpenAI VP, in Deal Talks at $7 Billion
Periodic Labs, the AI-for-science startup founded by former OpenAI VP Liam Fedus, is in deal talks at a valuation of approximately $7 billion, Bloomberg reported.
Fedus left his VP role at OpenAI to build AI systems specifically designed for scientific discovery, targeting drug development, materials science, and fundamental research. The valuation reflects investor appetite for vertical AI companies led by experienced AI researchers, particularly those with frontier model training experience.
Sources
Bloomberg
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