Thinking Machines Lab, founded by ex-OpenAI CTO Mira Murati, is reportedly seeking to close a $2 billion seed funding round, potentially making it one of the largest seed rounds in history.
The AI startup recently emerged from stealth mode and has doubled its target for the seed funding round to $2 billion, according to Business Insider’s reporting. If successful, the funding round would value the company at “at least” $10 billion. This significant valuation is notable given that Thinking Machines Lab currently has no product or revenue.
The company’s value lies in its team of high-profile AI researchers. Bob McGrew, previously OpenAI’s chief research officer, and Alec Radford, a former OpenAI researcher who contributed to many of the company’s transformative innovations, have joined Thinking Machines Lab as advisers. The presence of these experienced researchers is likely a key factor in convincing investors to invest in the startup.
Thinking Machines Lab has stated its intention to develop AI systems that are “more widely understood, customizable, and generally capable” than existing ones. This goal suggests that the company aims to make significant advancements in the field of AI, potentially leading to more versatile and user-friendly AI systems.
The reported funding round and valuation highlight the significant interest in AI startups and the potential for innovation in this field. With a team of experienced researchers and a clear goal, Thinking Machines Lab is poised to make a notable impact in the AI industry.
