- Type
- Private AI research company
- Founded
- 2025, San Francisco, United States
- Founder
- Mira Murati (former OpenAI CTO)
- Key products
- Tinker (fine-tuning platform), Inkling (open-weight model)
- Valuation
- $12B (July 2025 seed); reported $40B+ talks in 2026
- Related
- OpenAI, Open-Weight Models, Fine-Tuning
- Type
- Private AI research company
- Founded
- 2025, San Francisco, United States
- Founder
- Mira Murati (former OpenAI CTO)
- Key products
- Tinker (fine-tuning platform), Inkling (open-weight model)
- Valuation
- $12B (July 2025 seed); reported $40B+ talks in 2026
- Related
- OpenAI, Open-Weight Models, Fine-Tuning
History
Murati announced Thinking Machines Lab in mid-2025, recruiting researchers and engineers from OpenAI, Google DeepMind and other frontier laboratories. In July 2025 the company closed a $2 billion seed round led by Andreessen Horowitz at a $12 billion valuation — among the largest seed financings in Silicon Valley history — before it had shipped a public product.[2]
The first product, Tinker, launched in October 2025 as an API-based platform for customising and fine-tuning large language models without requiring teams to manage training infrastructure.[3] In July 2026 the company released Inkling, its first general-purpose model, as open weights. Later in 2026, reports placed the company in discussions to raise additional funding at a valuation of at least $40 billion.[1]
Technology
Inkling uses a mixture-of-experts (MoE) architecture with 975 billion total parameters of which roughly 41 billion are active per token, a context window of up to 1 million tokens, and pretraining across 45 trillion tokens of text, images, audio and video. The company reports training it specifically for coding, tool use and multimodal tasks; it scored 77.6% on SWE-Bench Verified in the lab's own evaluation and exposes a tunable reasoning-effort setting (0.2–0.99) that trades output quality against token count.[3]
Because the weights are open, Inkling can be self-hosted with common inference stacks such as vLLM, SGLang and llama.cpp, and is also served through API platforms including Together AI, Fireworks, Modal, Databricks and Baseten. Developers can fine-tune it through Tinker at context lengths of 64,000 or 256,000 tokens.[3]
Why It Matters for AI
Thinking Machines Lab is the highest-profile example of the frontier-lab spin-out pattern — a senior team leaving an established laboratory to raise consumer-scale capital independently. Its open-weight release strategy also positions it as a United States answer to open-weight models from Chinese developers such as DeepSeek and Zhipu, which have led parts of the open model leaderboard.[1] The Tinker platform reflects a broader shift of fine-tuning from a research exercise into a managed commercial service.
>See Also
🇲🇾 Relevance to Malaysia: Inkling's open weights mean Malaysian developers can deploy and adapt the model on domestic GPU capacity rather than renting closed frontier APIs — relevant to the National AI Compute Exchange and NAIO's push for affordable local compute. Tinker-style managed fine-tuning lowers the barrier for Malaysian teams building domain-adapted models for Malay-language support, following the approach taken by local models such as ILMU and Mesolitica. Malaysian firms fine-tuning on customer data must still keep training pipelines compliant with the Personal Data Protection Act, and MDEC-aligned upskilling programmes increasingly teach managed fine-tuning as a core applied AI skill.
References
- ↑TechCrunch. (2026). Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation. https://techcrunch.com/2026/09/03/accel-reportedly-in-talks-to-lead-1b-round-for-thinking-machines-at-40b-valuation/
- ↑TechCrunch. (2025). Mira Murati's Thinking Machines Lab is worth $12B in seed round. https://techcrunch.com/2025/07/15/mira-muratis-thinking-machines-lab-is-worth-12b-in-seed-round/
- ↑InfoWorld. (2026). Thinking Machines Lab offers enterprises a US alternative in open-weight AI. https://www.infoworld.com/article/4197743/thinking-machines-offers-enterprises-a-us-alternative-in-open-weight-ai.html