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Former OpenAI CTO Mira Murati’s startup Thinking Machines has surged to a $40 billion valuation in less than two years since its founding.

1 hours ago

Beating AI News reports that Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, is in talks for a new financing round. The company plans to raise at least $10 billion, with a pre-money valuation of no less than $40 billion. Existing investor Accel is in discussions to lead the round, while Nvidia is also considering participating in the deal, which has not yet been finalized. This valuation is significantly higher than the previous round: when Thinking Machines raised $2 billion last year, its pre-money valuation stood at $10 billion, with a post-money valuation of $12 billion. Calculated on the same pre-money basis, the new round’s valuation is at least four times that of over a year ago. Notably, the company had sought a valuation of more than $50 billion at the end of last year, a target it has since lowered. Thinking Machines has also begun generating substantial revenue, with annualized income of at least several hundred million dollars. Revenue primarily comes from Tinker, a platform where customers pay to access its computing power and tools to fine-tune AI models on their own data. The firm’s first self-developed open-weight model, Inkling, has also been integrated into Tinker. This year, Thinking Machines signed a long-term computing power partnership with Nvidia, planning to deploy at least 1GW of the Vera Rubin system, with Nvidia making an additional investment. The new financing round will be used for model training, server leasing, and talent recruitment.

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Crypto meme project AMC briefly surged past $4 million in market capitalization within its first hour of launch, with trading volume hitting $7.6 million.

According to GMGN data, the stock-meme token project AMC on Robinhood Chain saw its market cap briefly surpass $4 million within one hour of launch, with trading volume reaching $7.6 million. The market cap has since retreated to $2 million. The AMC meme token leverages stock trading platform Robinhood, pairing with tokenized AMC Entertainment (the U.S. cinema chain with stock ticker AMC) as its liquidity pool, using the AMC/AMC trading pair to provide liquidity. Additionally, on-chain data shows that trader Bonk Guy transferred AMC tokens from a sub-address to his main address and holds them, with the current position valued at approximately $18,000. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized U.S. stocks. Instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.). This retains the high volatility and community-driven speculative nature of meme coins while tying to the popularity and narrative of real stocks. A portion of transaction fees often flows back to the community treasury to accumulate corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring". Prices are highly volatile; invest with caution.

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Samsung Electronics rose 2.6%, while SK Hynix gained over 4%.

According to Bitget market data, South Korea’s KOSPI index posted an intraday gain of 2.00%, Samsung Electronics rose 2.6%, and SK Hynix advanced more than 4%.

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Crypto-stock Meme project MEME briefly surpassed $20 million in market capitalization, notching an 800x gain in the past 24 hours.

According to GMGN data, the stock-meme project MEME on Robinhood Chain briefly hit a market capitalization of over $20 million, a new all-time high, and is currently trading at $17 million, with a 24-hour surge of more than 800 times and a trading volume of $16.2 million. MEME leverages stock trading platform Robinhood, pairing with tokenized U.S. stock AMC Entertainment (American cinema chain, ticker: AMC) as its liquidity pool, providing liquidity via the MEME/AMC trading pair. Additionally, another Robinhood-based stock-meme project CINEMA also pairs with AMC, making the two tokens liquidity competitors. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized U.S. stocks. Unlike meme coins paired with USDT or ETH, these tokens are directly matched with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.). This model retains the high volatility and community-driven speculative nature of meme coins while tying to the popularity and narrative of real stocks. Part of transaction fees often flows back to the community treasury to accumulate corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring". Note: Price volatility is high, so investment requires caution.

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U.S. spot Bitcoin ETFs recorded a net inflow of $730.8 million yesterday.

According to Farside's monitoring, U.S. spot Bitcoin ETFs recorded a net inflow of $730.8 million yesterday, with BlackRock's IBIT attracting a net inflow of $454 million and ARKB seeing a net inflow of $137.7 million.

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Yesterday, U.S. Ethereum spot ETFs recorded a net inflow of 141.4 million U.S. dollars.

According to Farside’s monitoring, U.S. Ethereum spot ETFs posted a net inflow of $141.4 million yesterday, with BlackRock’s ETHA attracting $72.1 million in net inflows and Fidelity’s FETH bringing in $65.1 million.

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Qianwen Office has surpassed 30 million users just one month after its launch, having completed 120 version updates.

Beating AI Express (Dongcha) News: Alibaba Cloud announced in a post that its Qianwen Office has reached a one-month milestone since launch, with over 30 million office users, more than half of whom are enterprise users. Qianwen Office has maintained high-frequency iterations over the past month, rolling out a total of 120 version updates (averaging 4 iterations per day) and adding over 1,000 features. Its international version is also now live. Qianwen Office has open-sourced its context base, the enterprise context infrastructure MyContext, which converts massive heterogeneous work data into contexts directly callable by Agents. Just weeks after its open-source release, MyContext has earned over 3,000 stars on GitHub. Integrated with deep connectivity to instant messaging (IM) tools like DingTalk, Qianwen Office can convert enterprise information scattered across business processes—including messages, documents, approvals, emails, and knowledge bases—into organizational contexts that Agents can understand and utilize. A simple command in DingTalk enables Agents to query customer data, check inventory, and provide recommendations across CRM and ERP systems. Together with the Qianwen large language model (LLM) team, Qianwen Office has launched the office-exclusive version Qwen3.8-Flash, which has been specially optimized for multi-step planning, tool selection, and context compression. It further enhances throughput efficiency via inference optimization and a customized Harness architecture. In real office scenarios, the generation speed of individual tasks has improved by roughly 100%, with token consumption reduced by an average of 75%.

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