Sources: 
Liam Fedus, former vice president of research for post-training at OpenAI and a key contributor to ChatGPT's development, is spearheading a new AI startup called Periodic Labs.
The company is co-founded with Ekin Dogus Cubuk, a former research scientist at Google DeepMind, combining expertise from two leading AI research institutions.
"Fedus is working with Ekin Dogus Cubuk, a former research scientist at Google DeepMind."Periodic Labs is currently raising over $100 million in funding, led by OpenAI and Benchmark, signaling strong investor confidence in the venture.
"Fedus, OpenAI’s former vice president of research for post-training, is raising more than $100 million to launch a company called Periodic Labs that’s focused on , according to people familiar with the matter. The round is being led by OpenAI and will value the new startup at about $1 billion," according to sources.
The startup is valued at approximately $1 billion, marking it as a significant player in the AI startup ecosystem.
This move highlights a growing trend of ex-OpenAI employees leveraging their expertise to launch innovative AI ventures amid a booming investment climate.
"Two and a half years ago, Liam Fedus was part of the team that helped create ChatGPT and kicked off a frenzy around artificial intelligence. Now, he’s among the growing group of ex-OpenAI employees seizing on the AI investment boom with startups of their own."Periodic Labs aims to push the boundaries of AI research and development, though specific focus areas have not been publicly detailed yet.
With leadership from pioneers like Fedus and Cubuk, and strong backing from major investors, Periodic Labs is poised to make a significant impact in the AI industry.
Sources: Ex-OpenAI VP Liam Fedus and former Google DeepMind scientist Ekin Dogus Cubuk are launching Periodic Labs, an AI startup focused on advanced research. Backed by OpenAI and Benchmark, the company is raising over $100 million in funding, valuing the startup at approximately $1 billion.
