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Jeff Dean's Discovery Loop seeking new funding at about $50bn, five times its valuation of a few weeks ago Single source

• Business Insider reported on 11 September that Discovery Loop is seeking funding at a valuation of roughly $50 billion, up from the approximately $10 billion valuation at which it was seeking $1 billion just weeks earlier.
• The company was founded by former Google chief scientist Jeff Dean with Sanjay Ghemawat, Quoc Le and Oriol Vinyals, and says it aims to "use AI to accelerate scientific and engineering research through the parallel execution of thousands of experiments".
• Its initial funding was led by Radical Ventures and Khosla Ventures with Lightspeed, Kleiner Perkins and Doerr Capital participating; Alphabet is a founding investor and cloud partner.
• A Discovery Loop spokesperson declined to comment and Dean did not respond. There is no confirmation the financing will close at that valuation, and the company has no disclosed commercial product.