Startup Bringing Brains to AI Aims for $2.5 Billion Valuation

Thomas Reardon, who led the work on Meta Platforms Inc.’s Neural Band, is raising funds for a new startup called Flourish to develop energy-efficient artificial intelligence, according to people familiar with the matter.

The company is in discussions with investors to raise capital at a $2.5 billion valuation, according to the people, who asked not to be identified because they weren’t authorized to speak publicly. The terms may change as the talks are not yet finalized.