AI startup Reka, with no revenue yet, raises $50 million: Report

AI model startup Reka, which was founded by former researchers at Alphabet's DeepMind, has raised $50 million from investors including Snowflake. Yuri Milner, who was an early backer of Facebook and Twitter, has also invested in the startup through his venture fund DST Global. The funding valued Reka, which has no revenue yet, at about $300 million, Reuters reported.