Former OpenAI executives establish AI company Periodic Labs, secures $200 million in financing led by a16z

According to reports from the industry, Andreessen Horowitz has agreed to lead a $200 million financing for Periodic Labs, a startup founded a few months ago that focuses on artificial intelligence in the field of materials science. Its valuation is expected to reach $1 billion before the new round of financing. Periodic Labs was founded by former OpenAI Vice President of Research Liam Fedus and former DeepMind research scientist Ekin Dogus Cubuk, aiming to research and discover new materials through artificial intelligence. Additionally, OpenAI is also expected to participate in this round of financing, but the specific terms have not yet been finalized.