AI & Tech
AI Startup Thinking Machines Raises $50 Billion Valuation With No Product
We Study Billionaires
TIP823: From Railroads to AI: The Timeless Patterns Behind Market Bubbles w/ Kyle Grieve
"A company named Thinking Machines, which is an AI startup by former OpenAI executive Mira Murati, just raised about $2 billion in its seed round at about a $10 billion valuation. Yet the company doesn't have a product, nor do they even tell investors what plans they have for a product. So one investor went to a pitch with Murati, and Murati said, we're doing an AI company with the best AI people, but we can't answer any questions. And if you think that's completely wild, with this first seed round taking place sometime around October 2025, there's actually news today that the same startup is now seeking another funding round, valuing the business at $50 billion."
On The Investor's Podcast, host Kyle Grieve revealed extreme valuations in AI startups, citing Thinking Machines raising funds at a $10 billion valuation despite having no product or disclosed business plan. Within months, the company is seeking another round at $50 billion. Grieve used this as evidence of speculative excess potentially signaling bubble-like conditions in the AI sector.
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