Sources say the former chief research officer of OpenAI is raising $70 million for an AI startup.

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According to sources familiar with the matter, former OpenAI Chief Research Officer Bob McGrew is raising $70 million for AI startup Arda. Founders Fund and Accel led the round, with participation from Khosla Ventures and XYZ Venture Capital. The funding round is not yet finalized, and the terms are subject to change. The startup is developing software to help factories achieve autonomous operation. (WSJ)

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