Star AI researcher’s new lab in talks for $4 billion valuation

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Famed artificial intelligence researcher Richard Socher is in talks to raise hundreds of millions of dollars for a new startup called Recursive that’s focused on building more advanced AI systems, according to people familiar with the matter.

The financing would value Recursive at roughly $4 billion, not including the money put in, said the people, who spoke on condition of anonymity to discuss private information. GV, formerly Google Ventures, and VC firm Greycroft are in discussions to lead the funding round, the people said. The talks are…



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Star AI researcher’s new lab in talks for $4 billion valuation



Famed artificial intelligence researcher Richard Socher is in talks to raise hundreds of millions of dollars for a new startup called Recursive that’s focused on building more advanced AI systems, according to people familiar with the matter.

The financing would value Recursive at roughly $4 billion, not including the money put in, said the people, who spoke on condition of anonymity to discuss private information. GV, formerly Google Ventures, and VC firm Greycroft are in discussions to lead the funding round, the people said. The talks are…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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