Thinking Machines Lab in Talks for $1 Billion Round at $40 Billion Valuation

Thinking Machines Lab, the AI company founded by former OpenAI chief technology officer Mira Murati, is in discussions to raise about $1 billion at a valuation of at least $40 billion, less than two years after the lab was formed. TechCrunch reported that existing backer Accel is in talks to lead the financing. Accel and Thinking Machines Lab did not immediately respond to requests for comment, and the round has not been described as closed.