Sorry, call me a skeptic, but keep in mind that academia's incentive is knowledge creation, not products - investors will most likely see no returns, this is why it is publicly funded, to escape the ulterior motives of industry. Look at privately funded research for proof: sugar vs. fat, Monsanto papers, tobacco, etc.
No peer review? Science is not as easy to break in as with coding, becoming an expert is much harder than just a bootcamp or a kid who programmed from a young age. The hubris and duplicity of the rich: Theranos...
Scientific research has never been an easy endeavor: to dedicate oneself for the sheer desire to further human knowledge and benefit the common good.
Unless Silicon Valley is really willing to sacrifice for the public good without expectation for returns, and not pretend to care with the "change the world" mantra while lining their pockets, this effort might just be another marketing stunt. Hint: crypto investors gives you an incentives preview
Will appreciate hearing from insiders. A scientist is always healthily skeptical.