[AI Startup Applied Compute in Talks for New Funding, Valuation Expected to Double to $3 Billion] According to a report by *The Information* citing sources familiar with the matter, AI startup Applied Compute, founded by former OpenAI researchers, is in discussions for a new round of funding, with its valuation expected to reach approximately $3 billion—more than double its valuation announced four months ago during its previous funding round. The company focuses on helping enterprises leverage their own data to run and customize open-source models. This funding comes against the backdrop of the company's recent strong revenue growth. Sources indicate that Applied Compute's current annualized revenue is approximately $50 million, nearly quadrupling the revenue level disclosed by its CEO Yash Patil last November. According to the sources, investor Elad Gil is in talks to lead this funding round, which is expected to raise several hundred million dollars.