Mira Murati’s AI startup, Thinking Machines Lab, is now pursuing a $2 billion seed funding round, double its initial target. This would push the company’s valuation to $10 billion. Despite being new and lacking products or revenue, the team boasts high-profile AI talent, enticing investors. The goal is to create more understandable, customizable AI systems.
In a move that’s sending ripples through the tech world, Mira Murati’s AI startup, Thinking Machines Lab, is reportedly gearing up for a jaw-dropping $2 billion seed funding round. Yes, you heard that right! This figure represents a doubling of the initial target, signaling some serious ambition. If successful, it would catapult the company’s valuation to a staggering $10 billion—yes, billion—right out of the gate, as per reports from Business Insider.
Now, let’s talk about the startup itself. Thinking Machines Lab is still quite the enigma, having just shed its stealthy exterior, but don’t be fooled; it’s not your typical startup. Currently, it doesn’t have any products or even revenues to brag about. What it does present, however, is a star-studded team of AI researchers. This is likely what’s piquing investors’ interest and persuading them to open their pocketbooks.
Adding to the intrigue, notable minds from the renowned OpenAI have jumped on board. For instance, Bob McGrew, who once held the title of chief research officer at OpenAI, and Alec Radford, known for his transformative work there, are now stepping in as advisers at Thinking Machines Lab. Their reputations lend a sense of credibility and excitement to the venture.
What’s the grand goal, you might ask? It seems Thinking Machines Lab has set its sights on developing AI systems that outrank the current offerings in terms of understanding and capability—systems that are, quote, “more widely understood, customizable, and generally capable” than what’s currently on the market. It’s a lofty vision that could change the landscape of AI as we know it.
So, to sum it up: Mira Murati’s startup, Thinking Machines Lab, is aiming for a $2 billion seed round, a hefty increase from initial goals. With no product yet, the allure lies in its impressive lineup of AI talent, like former OpenAI bigwigs. The ambition? To build superior AI systems that offer customization and better understanding. It’s a startup to watch, that’s for sure.
Original Source: techcrunch.com