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The funding round will also see participation from Glade Brook Capital, Gaja Capital, Indigo Ventures, and several angel investors and family offices.
Thinking Machines said the model uses nearly a third of the tokens required by Nvidia's Nemotron 3 Ultra to achieve comparable coding performance on one benchmark.
The two companies have also entered a multiyear strategic partnership that will allow Thinking Labs to use at least one gigawatt of Nvidia's next-generation Vera Rubin AI accelerators.
The Sam Altman-led AI startup also said that additional investors are expected to join as the round progresses.
This funding round also includes a portion of the previously announced investments from Microsoft and Nvidia.
The decision is part of the US efforts for production of chips locally and reduced its dependence on chip manufacturers in Taiwan.
The new physical AI tools include NVIDIA DRIVE Alpamayo-R1, an open industry-scale reasoning vision language action model for mobility.
Part of the funds will also be used to make strategic investments and mergers and acquisitions.
Not surprisingly, the sale sparked fears of an AI bubble as it hit Nvidia’s stocks.
As part of the agreement, tens of thousands of Nvidia GPUs, including Nvidia GB300 NVL72 systems, will be deployed.
Uniphore will use the fresh capital to boost innovation on its AI and data platform -- Business AI Cloud.
This comes after Cohere raised an additional $100 million in September at a $7 billion valuation.
The agreement will be delivered through Nscale’s owned operations and Nscale’s joint venture with Aker ASA.
The funding was raised from investors including a16z, Felicis, DST, NVentures, NVIDIA’s venture capital arm, and Accel.
This funding round has taken the startup's valuation to around $7 billion.
The Stargate Project was a new company announced by OpenAI earlier in January that planned to invest $500 billion over the next four years to build new AI infrastructure.
The investment will be part of a strategic deal to deploy at least 10 gigawatts of Nvidia systems for OpenAI’s next-generation AI infrastructure.
The funding round also saw "significant investment" from Blackrock, Neuberger Berman, Deutsche Telekom Capital Partners and a large US-based West Coast mutual fund manager.
Existing investors including DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed and Nvidia also participated in the funding round.
The new chip, which is tentatively called as B30A, will be single die in nature.
