Thinking Machines in Talks to Raise $1 Billion at $40 Billion Valuation

Thinking Machines, the AI lab founded by former OpenAI CTO Mira Murati, is in negotiations to raise $1 billion at a valuation of at least $40 billion, led by existing investor Accel. Founded early last year, the company launched its open-weight model Inkling in July and generates over $100 million in annualized revenue through its Tinker platform. Despite previous funding rounds led by a16z, the current valuation target is lower than the $50 billion figure rumored late last year.