Weeks-Old AI Startup Emulate Approaches $4 Billion Valuation

Emulate, a month-old startup founded by former Google DeepMind researchers, is reportedly close to landing hundreds of millions of dollars in new funding. The U.K.-based company is in advanced discussions with prospective investors to raise up to $700 million, valuing Emulate at $3.7 billion, the Financial Times (FT) reported Thursday (Sept. 17), citing sources familiar with the matter.