Google’s former chief scientist launched a startup just 5 weeks ago, targeting a $50 billion valuation.

Beating AI News Flash: Discovery Loop, founded by former Google Chief Scientist Jeff Dean after leaving Google, is in talks for a new round of financing. Business Insider, citing people familiar with the matter, reported that the company is seeking a valuation of around $50 billion. Just a few weeks ago, it was in talks for a $10 billion funding round at a $10 billion valuation. The latest deal has not been finalized, and the company has not confirmed it. Discovery Loop was founded only in early August. All four founders are from Google; besides Dean, they include Sanjay Ghemawat, Quoc Le, and Oriol Vinyals. It aims to use AI to automate the entire workflow of "proposing experiments, running them, reviewing results, and iterating", with the ability to run thousands of experiments in parallel at once. Its first step will be to test this on machine learning research itself, before expanding to scientific and engineering problems such as pharmaceuticals and semiconductors. Currently, its official website mainly outlines the technical roadmap and recruitment, with no official product launched yet. Alphabet, Google’s parent company, is both Discovery Loop’s founding investor and cloud partner; Radical Ventures, Khosla Ventures, and others have also participated in its financing. The company was established just over a month ago, has no public product yet, but its valuation target has jumped from $10 billion to $50 billion—investors are currently betting heavily on this founding team.