Sources: Mira Murati's Thinking Machines Lab is in talks to raise $1B+ at a $40B+ pre-money valuation, lower than the $50B+ valuation it sought last year (The Information)

Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion, marking its second-largest purchase after a $20 billion deal for Groq assets. Meanwhile, Mira Murati’s Thinking Machines Lab is negotiating a financing round exceeding $1 billion at a pre-money valuation above $40 billion, lower than the $50 billion target it sought the previous year.