AI startup Periodic Labs, led by former OpenAI VP, raises $200 million, led by a16z

Periodic Labs was founded by Liam Fedus, former vice president of research at OpenAI, and Ekin Dogus Cubuk, a former research scientist at DeepMind. The company aims to use artificial intelligence to research and discover new materials. OpenAI is expected to participate in this round of funding, but the specific terms have not yet been finalized.