Nvidia-Backed AI Lab Seeks Fresh Funding at $40 Billion Valuation

Nvidia-backed Thinking Machines is in talks to raise new funding at a valuation of $40 billion, according to a report by The Information. The artificial intelligence lab, founded by former OpenAI CTO Mira Murati, has existing investor Accel on board for the potential deal.

The news comes after Nvidia's stock (NVDA) has seen significant growth in recent years, with its market value surpassing $1 trillion. Thinking Machines' valuation at $40 billion would be a notable increase from previous reports, which have put the company's worth at around $30 billion.