According to Business Insider, Thinking Machines Lab is seeking $5 billion at a $40 billion pre-money valuation

According to Business Insider, AI startup Thinking Machines Lab is nearing a new funding round that would raise $5 billion at a $40 billion pre-money valuation, with Accel leading the deal. The report says the round could close as soon as this week. Thinking Machines, founded by Mira Murati, previously raised a $2 billion seed round and was valued at more than $10 billion before launching a product. Business Insider also says the company released a new version of Tinker on Thursday and said it has shown gains in AI coding.