Nvidia Reportedly in Talks to Lead Thinking Machines Round at $40B+ Valuation
Per The Information, Thinking Machines Lab — founded by former OpenAI exec Mira Murati less than two years ago — is in talks to raise $5–6 billion at a pre-money valuation of at least $40 billion, with Nvidia potentially contributing $2.5–3 billion as lead investor.
Confirmed
- The Information reported the talks (relayed by The Next Web and multiple bloggers): a $5–6B round at a $40B+ pre-money valuation.
- Nvidia is reportedly committing around $2.5B, possibly $2.5–3B per 新智元, as lead investor.
- The company pushes open-weight models as a rival to OpenAI and Anthropic; its valuation has tripled in roughly 14 months per 新智元.
Unconfirmed
- The deal remains at the negotiation stage; final amounts, valuation and completion are not official.
Why it matters
- If closed, it marks another major Nvidia bet on an OpenAI rival, and a $40B+ valuation for a sub-two-year-old startup underscores the premium on open-weight strategies and star teams.
- Notably, Jensen Huang recently claimed OpenAI has achieved AGI while Nvidia invests billions in a competitor — read by @SimplyAnnisa and @eyishazyer as a hedging play.
2026-09-07 ~ 2026-09-07 · 5 related posts
- Episode 1: Thinking Machines in Talks for $1B+ Raise at $40B Valuation, NVIDIA Weighs Multi-Billion Investment(2026-09-04, 9 posts)
- Episode 2: Nvidia Reportedly in Talks to Lead Thinking Machines Round at $40B+ Valuation(2026-09-07, 5 posts)
Primary sources
- Nvidia reportedly in talks for $2.5B bet on Thinking Machines Lab at ~$40B valuation — kimmonismus · 2026-09-07
- Nvidia reportedly negotiating $2.5B investment into Mira Murati's Thinking Machines Lab — eyishazyer · 2026-09-07
- [source] Nvidia in talks to invest up to $3B in Thinking Machines Lab at $40B+ pre-money valuation — 新智元 · 2026-09-07
2 near-duplicate retellings: SimplyAnnisa · mark_k