A Turkish entrepreneur’s #artificialintelligence company is rapidly approaching a valuation of $7 billion. The startup, called #PeriodicLabs, was founded by Turkish scientist Ekin Doğuş Çubuk, who previously worked at #GoogleDeepMind, and Liam Fedus, a former vice president at #OpenAI. The company is in talks with investors to raise a new funding round worth hundreds of millions of dollars at this valuation. Periodic Labs focuses on developing “#AIscientists” that accelerate discoveries in materials science. By combining artificial intelligence with robotic laboratories, the company can simulate new materials in seconds and test them autonomously in real-world lab environments. Despite being founded only last year, the company has experienced rapid growth, with its valuation increasing from approximately $1.3 billion to $7 billion in a short time.