The country’s biggest venture capital funds are jostling for a stake in the hottest start-up of the year, the two month-old artificial intelligence business valued at $15 billion.
Run by former OpenAI chief executive Mira Murati, Thinking Machines Lab is on the verge of raising $US2 billion ($3.1 billion), making it the biggest early-stage round in history, led by heavyweight Silicon Valley investor Andreessen Horowitz, now known as A16z.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
