🖼 🤖 A16z plans to lead the super round financing of Thinking Machines, a new company founded by the former CTO of OpenAI. The valuation may reach $10 billion.

🤖 A16z is set to lead the mega-round financing of Thinking Machines, a startup founded by the former CTO of OpenAI, with a valuation potentially reaching $10 billion.

* According to sources, Andreessen Horowitz (A16z) is in talks to lead the early-stage financing of Thinking Machines Lab, a startup founded by Mira Murati, the former chief technology officer of OpenAI.
* Thinking Machines Lab was established in February this year. Although it has not generated any revenue or launched products yet, its valuation could reach $10 billion, making it one of the most valuable AI startups globally.
* A16z is raising a huge fund of $20 billion, specifically for investing in late-stage companies in the AI field.
* Murati's team consists of about 30 AI researchers and engineers, two-thirds of whom are from OpenAI. Bob McGrew, the former chief research officer of OpenAI, and Alec Radford, the lead researcher of OpenAI's flagship AI model, have also joined Thinking Machines as advisors.
* Business Insider previously reported that the total amount of this round of financing could be close to $2 billion. Sequoia Capital is also in talks to participate in this round of financing.

(Reuters)

via Teahouse - Telegram Channel