UK government, Bezos back CuspAI's $450 million round as startup seeks to discover new materials

July 20 : Britain's CuspAI said on Monday it has raised $450 million from investors including the UK government and Amazon founder Jeff Bezos' investment fund, as the startup looks to discover brand-new materials that could advance important industries, including chips. CuspAI also launched AI Materials Foundry, a coalition of more than 45 companies, including chip designer Nvidia and social media firm Meta, to bring together computing resources needed for software that would help researchers develop new materials.The Series B round was led by Kleiner Perkins and NEA and valued CuspAI at $2.6 billion. The startup is looking to expand its operations across the U.S., Asia-Pacific and Europe. "If we don’t make progress fast, the next 50 years of industrial progress will be constrained by a si