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Ex-OpenAI, DeepMind Staffers Set for $1.5 Billion Value in Andreessen-Led Round

Venture firm Andreessen Horowitz has agreed to lead a $200 million investment in Periodic Labs, a new startup building artificial intelligence for material science, according to people familiar with the matter.The agreement values Periodic Labs at $1 billion before the investment, an impressive price for a months-old company, according to the people, who asked not to be identified because the information is private....

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