Mirendil signs $100 million-plus Google Cloud deal to scale self-improving AI

M&A · PartnershipProduct / Tech
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Summary · why it matters

AI lab Mirendil has signed a multi-year partnership with Google Cloud worth upwards of $100 million to source compute capacity for its self-improving AI research. The deal, roughly half of what Mirendil raised in seed funding at a $1 billion valuation in late June, gives the startup access to Google's TPUs and Nvidia GPUs as well as managed training clusters. Mirendil's co-founder and CEO Benham Neyshabur said the flexibility to mix and match workloads with the right accelerators will lower costs for both the company and its customers. The startup, whose co-founders previously worked at Anthropic, aims to build AI that can iteratively improve itself and eventually take on the work of an entire frontier AI lab, automating scientific research in fields like medicine and materials science.

Impact on stocks 2

Artificial Intelligence▲ · 2 stocks
Alphabet Inc Class C
GOOG
▲ PositiveDemandrelevance

Google Cloud wins a $100M+ multi-year compute deal with Mirendil, boosting cloud revenue.

Theme Impact 4

Off-coverage companies 1

MirendilPrivate▲ Positive
Demandrelevance

Mirendil secures $100M+ Google Cloud partnership to scale its AI research, directly benefiting the company.

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