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Developing story · 2 episodes · 29 Oct to 6 Nov

Frontier AI Labs Chase Record Valuations

The saga tracks the massive capital influx into frontier AI startups, highlighting the rapid escalation of valuations for leading research labs. The latest episode reveals Thinking Machines Lab is raising $5 billion at a $40 billion valuation, following Cognition's pursuit of a $70-80 billion round.

  1. Business & Fundingnew

    Thinking Machines Lab is raising $5B led by Accel at a $40B valuation, sources say

    Thinking Machines Lab is close to finalizing a $5 billion funding round led by Accel at a $40 billion pre-money valuation, according to multiple unnamed sources familiar with the deal. The…

    1 source
  2. Business & Fundingnew

    Cognition weighs new funding round at $70B-$80B valuation

    AI coding startup Cognition is reportedly considering a new funding round before the end of the year, with offers valuing the company between $70 billion and $80 billion. This represents a…

    1 source
Who and what
CognitionSpaceXCursorFactory AIa16zAccelThinking Machines LabOpenAIMetaBusiness InsiderThe InformationDevin
hot Claude Code user reports email leak in User-Agent header new AI hardware stocks fall 6% to 21% as midterm results raise construction delays hot Thinking Machines Lab is raising $5B led by Accel at a $40B valuation, sources say new Palo Alto Networks in talks to buy Clutch Security for ~$500M hot Thinking Machines Lab releases Inkling 2 Small with 594B parameters and 17B active parameters new Kalepa raises $75 million Series B at $470 million valuation hot AMD reports Q3 revenue of $13.38 billion, beats estimates, and expects $17 billion in Q4 new OpenAI launches GPT-6 Cyber, finds 81 Firefox flaws and 948 Linux exploits