Discovery Loop Reportedly Seeks $50 Billion Valuation Weeks After $10 Billion Round

AI startup Discovery Loop is reportedly seeking new funding at a valuation of about $50 billion, although the terms could change and there is no guarantee the company will secure that price. The target would represent a sharp increase from the roughly $10 billion valuation associated with a planned $1 billion funding round just weeks earlier. Founded this year by prominent former Google researchers and engineers, including Jeff Dean, the California-based company is developing AI systems for advances in machine learning, science and engineering. Discovery Loop is organized as a public benefit corporation, reflecting a stated focus on societal impact alongside financial returns.