Nvidia-backed Thinking Machines in talks to raise new funding at $40B valuation: report

Artificial intelligence startup Thinking Machines, led by former OpenAI Chief Technology Officer Mira Murati, is reportedly in advanced discussions with investors to secure new funding at a valuation of approximately $40 billion, according to reports from The Information. Existing investors including venture capital heavyweight Accel and semiconductor titan Nvidia are participating in the discussions, bolstering the company's competitive positioning. The massive valuation reflects surging investor appetite for cutting-edge generative AI models and the firm's strategic chip supply alignment with Nvidia. Nvidia's backing not only injects capital but also ensures critical compute access for Thinking Machines' proprietary model development amid tight hardware supplies. However, potential headwinds exist as recent executive turnover and departures of several co-founders to competitors present organizational risks. Nonetheless, the high valuation round highlights ongoing capital concentration in tier-one AI labs, signaling sustained strong demand and capital spending across the broader artificial intelligence infrastructure ecosystem.