Jamie Thingelstad

Writer of The Weekly Thing. Explorer of tech, the open web, AI, and a good escape room. Minneapolis is home.

Posts, page 75

A brand new AI startup with great pedigree and a $12 billion valuation.

Thinking Machines Lab, a buzzy AI startup founded by Mira Murati, raised $2bn in new capital, valuing the firm at $12bn. Ms Murati has recruited an impressive roster of researchers from OpenAI, where she was previously chief technology officer. That helped to persuade Nvidia and AMD, two giant chipmakers, to invest, even though the firm currently lacks much of a strategy (or revenue). — Economist, World in Brief, July 16, 2025

These numbers make the “dot com” bubble look like nothing.

I’ve been getting great responses from Claude lately and using it even more than ChatGPT. I’m wondering if ChatGPT’s memory feature doesn’t make it a little “over fit” to the user. Claude seems to have an easier time coming up with fresh ideas. So interesting.

Absolutely incredible valuation — first to $4,000,000,000,000.

Nvidia became the first company to reach a market capitalisation of more than $4trn. The chipmaker has prospered despite concerns about Mr Trump’s tariffs and the rise of Chinese artificial-intelligence firms. Shares in the American company soared by almost 3% on Wednesday before falling slightly. Nvidia’s rise has been rapid. It only hit a valuation of $1trn in 2023. — The Economist, World in Brief, July 10th 2025

And I thought NVDA was overvalued 2 years ago. Wow.