Year-old AI research lab Flapping Airplanes raises $1B at a reported $6B valuation

Artificial intelligence research lab Flapping Airplanes Inc. today announced it has raised $1 billion in new funding, about a year after it was founded. Investors valued the startup at $6 billion in the deal, Bloomberg reported. No commercial product has come out of the lab yet. Flapping Airplanes is trying to build AI models that…