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Nvidia and Jane Street back Mira Murati’s AI start-up in latest fundraising

Thinking Machines Lab valued at $12bn after raising $2bn in round led by Andreessen Horowitz

Mira Murati’s secretive artificial intelligence start-up has named chip giants Nvidia and AMD among its new investors, as the former OpenAI chief technology officer closes one of the largest initial funding rounds in Silicon Valley history.

Thinking Machines Lab raised $2bn at a $12bn post-money valuation in a “seed” round, previously reported by the Financial Times, despite saying little about what it is working on.

Murati said the company would share a product in the next “couple [of] months”, which would have an “open source component” helping researchers and start-ups to develop custom models.

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