Thinking Machines, the artificial intelligence lab founded by former OpenAI chief technology officer Mira Murati, is in talks to raise $1 billion at a valuation of at least $40 billion, according to a TechCrunch report. Existing investor Accel would lead the new round. The proposed valuation is roughly 3.3 times the $12 billion valuation set in the startup's previous fundraising, when it collected $2 billion in a round led by a16z with Nvidia, GV and other investors participating. Thinking Machines was founded early last year. In July it released Inkling, an open-weight model, and it charges for the compute power consumed by users of its Tinker platform; annualized revenue has surpassed $100 million. Since the company's previous financing, several of its co-founders, including Lilian Weng and Luke Metz, have returned to OpenAI. If the current negotiation is completed on the terms reported, the company's valuation would be below the $50 billion target that appeared in reports late last year.
ChainCatcher reports, citing TechCrunch, that Thinking Machines, the AI lab founded by former OpenAI CTO Mira Murati, is in talks to raise $1 billion at a valuation of at least $40 billion. Accel, an existing investor, would lead the round.
At that minimum target, the new valuation would be at least 3.3 times the $12 billion attached to the company's previous round, a $2 billion raise led by a16z with participation from Nvidia, GV and others. Thinking Machines was founded early last year. That July it released Inkling, an open-weight model, and it now charges users for compute through its Tinker platform. Annualized revenue has passed $100 million.
After the earlier financing, several Thinking Machines co-founders, including Lilian Weng and Luke Metz, returned to OpenAI.
If the current round closes as described, Thinking Machines would be valued below the $50 billion target mentioned in reports late last year.
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