Ex-OpenAI Researcher’s Six-Week-Old Startup Targets Funding at $4 Billion Valuation

Nvidia’s investment spree in startups that use its AI chips has stoked traditional venture capital firms’ interest in those companies. That has paved the way for brand-new startups taking on Anthropic and OpenAI to raise back-to-back funding rounds, sometimes in a matter of weeks. In the latest example, Core Automation, an AI model developer founded in late March by ex-OpenAI researcher Jerry Tworek, is aiming to raise between $300M and $500M at a valuation of around $4B, according to people who have spoken to the company’s leaders.