Startup of ex-OpenAI CTO prepares new round to be worth $50B.
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Startup of ex-OpenAI CTO prepares new round to be worth $50B. In the buzzy - not to say overvalued - world of artificial intelligence, Thinking Machines is one of the names that has drawn the most attention recently. With just one year of existence, the company led by ex-OpenAI's Mira Murati has already become a unicorn by raising a mega-round before even having a product, and now it's making more noise, negotiating a new billion-dollar investment, potentially reaching a valuation of $50 billion. According to The Information, Thinking Machines is about to close a $5 billion round, but the names of interested investors were not revealed. If the round is completed - and the expected valuation is confirmed - the company will multiply its valuation by five times, in less than six months. In July, the startup raised $2 billion in a seed round led by Andreesen Horowitz, with participation from Conviction Partners. With the deal, the ex-OpenAI CTO's company made history, doing one of the largest seed rounds in Silicon Valley history, at a valuation of $10 billion. An important detail: when Thinking Machines did the first round, it didn't even have a product - that only appeared in October, when the company introduced Tinker, a tool that helps developers customize open-source AI models. According to sources close to the company, the deeptech intends to use the round to...
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