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AI Startup Discovery Loop Seeks Around $50 Billion Valuation, Business Insider Reports
The former Google chief scientist is targeting a valuation far above Discovery Loop’s previous $10 billion fundraising effort, amid intense investor demand for elite AI teams.
Sept 11 (Reuters) – AI startup Discovery Loop is seeking to raise funds again at a valuation of $50 billion, the Business Insider reported on Friday, citing people familiar with the matter. Here are some more details: • Terms of the deal could change, and there is no guarantee Discovery Loop will be able to raise funds at that valuation, the report added. • Discovery Loop did not immediately respond to Reuters request for comment. • The…