Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation

Explain Like I'm Normal

Venture capital firm Accel is reportedly eyeing a massive $1 billion investment into the AI startup Thinking Machines. The deal would value the company at $40 billion, a staggering figure considering their current annual revenue is around $100 million. This highlights the extreme premium investors are still willing to pay for perceived leaders in the AGI race.