Thinking Machines reportedly nears a $5bn funding round

A proposed financing is still unfinished.

What happened

Business Insider reported on 5 November US time that Thinking Machines Lab was nearing $5 billion, led by Accel at a $40 billion pre-money valuation.

Why it matters

That would be a substantial capital commitment to the AI lab.

The bigger picture

Review needed: completion remains unconfirmed. The evidence is not verified enough to call the money received; terms could change.