Thinking Machines Lab, led by former OpenAI CTO Mira Murati, is negotiating to raise $5–6 billion with a valuation of at least $40 billion. According to The Information, Nvidia is discussing an investment of approximately $2.5 billion. GuruFocus identifies a16z as an active investor. This deal is not yet finalized — the terms, participant list, and date are still to be determined.
Image source: generated by Nano Banana
If the round closes under the stated conditions, it will become one of the largest private placements in the AI sector. There are no immediate technical consequences for the participants — neither party has announced a model, API, research roadmap, or infrastructure agreement.