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FILE PHOTO: AI letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
The startup, named Thinking Machines Lab, could be valued at $10 billion in the round, sources said, making it one of the most valuable AI startups in the world, despite only launching in February. The company, which has no revenue or products yet, is the latest entrant into the crowded space of companies building generative AI models.
Thinking Machines Lab declined to comment. Andreessen Horowitz and Sequoia did not immediately respond to requests for comment. Andreessen Horowitz, known as A16z, has made big bets in AI, backing competitors to AI heavyweight OpenAI. It hasparticipated in large funding rounds for AI model startups including Elon Musk's xAI, Sutskever's Safe SuperintelligenceandFrance-based Mistral. It is currently raising a $20 billion megafund dedicated to later-stage investments in AI companies. If successfully raised, it would be the largest fund in the firm's history.
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