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Accel in talks to lead $1B raise for Thinking Machines at $40B valuation

Thinking Machines, the AI lab started by former OpenAI CTO Mira Murati, is reportedly negotiating a $1 billion funding round that would value it at $40 billion or more, with existing investor Accel potentially leading the deal. That figure would mark a step down from the $50 billion valuation the startup had sought late last year, though it still dwarfs the company's reported annual revenue run rate of over $100 million.