Mira Murati’s Thinking Machines seeks $50 billion valuation in funding talks: Report

Thinking Machines Lab, the artificial intelligence startup founded by former OpenAI executive Mira Murati, is in early talks to raise a new funding round at a roughly $50 billion valuation, Bloomberg News reported on Thursday.

The startup was last valued at $12 billion in July, after it raised about $2 billion.

Some sources told Bloomberg that Thinking Machines is looking at a valuation of about $50 billion, while others said it could rise to closer to $55 billion or $60 billion.

The deal terms have not yet been finalized and could change, the report added.

Thinking Machines did not immediately respond to a Reuters request for comment.

The development follows a Wall Street Journal report last month that said Andrew Tulloch, co-founder of Thinking Machines, left the AI company to join Meta Platforms.

It launched its first product called Tinker, which helps fine-tune language models in October.