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Thinking Machines Eyes $50 Billion Valuation Amid Product Launch

Summary generated with AI, editor-reviewed
Heartspace News Desk
Source: Reuters
TL;DR

Thinking Machines Lab, steered by Mira Murati, is exploring funding options that could value the company between $50 billion and $60 billion. This represents a significant jump from its $12 billion valuation after a $2 billion funding round in July, occurring alongside the launch of their Tinker tool and the departure of co-founder Andrew Tulloch.

Key takeaways

  • Thinking Machines Lab, the artificial intelligence startup led by Mira Murati, is reportedly engaged in preliminary funding discussions aimed at a valuation of around $50 billion, according to a Bloomberg News report
  • Sources cited in the report indicate a potential valuation range of $55 billion to $60 billion
  • This represents a substantial increase from the company's $12 billion valuation in July, following a $2 billion funding round
Thinking Machines Lab, the artificial intelligence startup led by Mira Murati, is reportedly engaged in preliminary funding discussions aimed at a valuation of around $50 billion, according to a Bloomberg News report. Sources cited in the report indicate a potential valuation range of $55 billion to $60 billion. This represents a substantial increase from the company's $12 billion valuation in July, following a $2 billion funding round. These funding talks coincide with other noteworthy events, including the recent departure of co-founder Andrew Tulloch to Meta Platforms and the October launch of Tinker, the company's inaugural tool designed for fine-tuning language models.

Related Topics

Thinking Machines LabMira MuratiAIFundingValuationTinkerMeta

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