You.com CEO Richard Socher is seeking about $1 billion to launch a new AI research startup focused on automating AI research, while continuing to lead You.com. The new venture, co-founded with former OpenAI researcher Tim Shi and others, aims to build systems that generate and evaluate novel research ideas rather than consumer products. You.com, valued at $1.5 billion with annualized revenue surpassing $50 million, recently shifted from consumer search to selling AI tools for businesses.
You.com CEO Richard Socher Plans $1 Billion AI Research Lab
Paul Drecksler is the founder and editor of Shopifreaks E-commerce Newsletter, covering the most important stories in e-commerce.
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