Thinking Machines seeks $1B-plus at a $40B valuation after last fall's $50B ask

The lower target still values Mira Murati's AI lab at more than three times its July 2025 post-money price.

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Primary source: Stephanie Palazzolo on X

Why it matters

The talks test whether shipped products and early revenue can sustain a frontier AI valuation after founder turnover and an abandoned $50B-plus target.

An abstract, dark, intelligent machine with glowing gold and blue lights, representing its high but adjusted valuation.

Mira Murati (@miramurati) is in talks to raise more than $1 billion for Thinking Machines Lab at a valuation above $40 billion, The Information reported on Thursday.…

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