AI Startup Discovery Loop Eyes $50B Valuation in New Funding Round
Artificial intelligence startup Discovery Loop is seeking to raise new funding at a valuation of up to $50 billion, Business Insider reported on Friday, citing people familiar with the matter.
The terms of the deal could change, and there is no guarantee that Discovery Loop will secure the funding at this valuation, according to the Business Insider report.
A Massive Valuation Surge
Business Insider previously reported last month that Discovery Loop was in talks to raise $1 billion in a funding round valuing the company at around $10 billion.
The California-based startup was founded this year by several prominent Google AI and engineering leaders, including Jeff Dean.