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Google AI Veterans Launch Startup To Accelerate Scientific Discovery

A group of senior Google researchers, led by longtime executive Jeff Dean, is leaving the company to launch Discovery Loop, a startup that aims to accelerate scientific research using artificial intelligence.

Dean, one of Google’s earliest employees, will serve as chief executive. He is joined by Google Fellow Sanjay Ghemawat, Google Brain co-founder Quoc Le and Google DeepMind senior research scientist Oriol Vinyals.

AI-Powered Research

Discovery Loop plans to use AI to automate the design, execution and refinement of thousands of experiments simultaneously, with the goal of speeding up scientific discovery. The company also intends to explore how AI can help improve future generations of AI systems through recursive self-improvement.

“While science and engineering have tremendously advanced society over past centuries, progress has traditionally relied on slow, sequential human iterations,” the company said. “Discovery Loop is developing advanced AI systems that leverage massive computational scale to fundamentally transform the speed and efficiency of innovation.”

Backed By Alphabet And Venture Investors

The startup has already secured funding from Alphabet alongside venture capital firms Radical Ventures, Khosla Ventures, Kleiner Perkins, Lightspeed and Doerr Capital.

“The next great frontier for AI is to go beyond answering questions and to begin making discoveries,” the founding team said.

Dean joined Google in 1999 as the company’s 30th employee and helped build key parts of Google Search before leading major AI initiatives, including work on Gemini. Explaining the vision behind Discovery Loop, he said AI could automate much of today’s research process, enabling scientists to conduct more experiments and accelerate breakthroughs.

Shein Targets $25 Billion Valuation In Hong Kong IPO As Growth Slows

Shein is reportedly targeting a valuation of around $25 billion in its planned Hong Kong IPO, a sharp decline from the nearly $100 billion valuation the online fashion retailer achieved in a 2022 fundraising round.

Two people familiar with the plans said the company was likely to target about $25 billion, while another source put the expected range at $25 billion to $28 billion based on the proposed price band.

IPO Valuation Falls Sharply

Shein plans to sell up to 8% of its shares in the offering, according to a person familiar with the plans. At a $25 billion valuation, that would translate into an IPO of as much as $2 billion.

The latest target is also below the $30 billion to $40 billion valuation the company was seeking earlier this month as it began meeting with potential investors.

Founded in China in 2012 and now headquartered in Singapore, Shein sells low-cost clothing to consumers in about 160 countries. The company is expected to launch its long-awaited Hong Kong IPO later this week.

Trade Restrictions Weigh On Growth

Shein’s valuation has come under pressure as major markets tighten rules affecting low-cost e-commerce shipments. The European Union, for example, has moved to impose additional fees on cheap parcels from platforms such as Shein and Temu. EU Tightens Rules On Low-Cost E-Commerce Parcels

In the U.S., the removal of an import duty exemption for small packages has also affected the company. Shein reported a $99 million quarterly loss in the first quarter of 2026 as sales growth slowed, while a one-time accounting charge further weighed on its results. Shein Reports First-Quarter Loss Ahead Of IPO

Investors Question Shein’s Growth Prospects

The steep reduction in valuation reflects growing concerns over slower growth, higher trade costs, regulatory pressure and stronger competition across global e-commerce.

Some investors who reviewed Shein’s recent financial statements or attended IPO presentations told Reuters they were skeptical that the company could return to the growth rates that supported its $98.2 billion valuation in 2022. Shein’s Slowing Growth Tests Investor Appetite

A lower IPO valuation could also affect Shein’s existing investors. Under the terms of its IPO filing, the company may have to issue additional shares to certain pre-IPO investors if its valuation falls below agreed thresholds.

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