According to Techub News, citing insiders from Tech in Asia, Periodic Labs, founded by former OpenAI Vice President of Research Liam Fedus and former DeepMind Research Scientist Ekin Dogus Cubuk, has raised $200 million in funding, reaching a post-money valuation of $1 billion. The company focuses on utilizing artificial intelligence technology for new materials research and discovery. This round of financing was led by a16z, and OpenAI is also expected to participate.

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