Mira Murati’s Thinking Machines Lab Discusses Raising $1 Billion
**Mira Murati’s Thinking Machines Lab Discusses Raising $1 Billion**
By Sri Muppidi
18 hours ago
Source: The Information
Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, is in talks with potential investors to raise roughly $1 billion in funding, according to a person with knowledge of the fundraising talks. The company is currently not generating revenue, according to the same person.
A spokesperson for Murati declined to comment. The company is aiming to raise at a roughly $9 billion valuation, reported Business Insider. The deal is not finalized, and terms may change.
Murati launched Thinking Machines Lab as a benefit corporation—a structure that enables companies to prioritize societal impact alongside profits—soon after her departure from OpenAI in September. The company hasn't disclosed much about its future plans but bills itself as an AI research and product company.
Several prominent OpenAI alumni, including cofounder John Schulman and researchers Barret Zoph and Luke Metz, have joined Thinking Machines Lab. Recently, Thrive Capital, a major OpenAI investor, made a pitch to OpenAI employees that leaving the company would be a bad financial decision.