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The founding team at Thinking Machines Lab also owns supervoting shares with 100 times the voting rights of other shares, further concentrating control within the startup. Read about the power dynamics: https://t.co/TpqDDcK2wu #aistartups
🇦🇱 Albania to finance Mira Murati's OpenAI rival with $10 million. According to Albania’s Economy Ministry, Mira Murati’s startup "Thinking Machines Lab." offers economic benefits and helps raise the country’s global tech profile.
Navigating the Evolving Venture Landscape: An Unfiltered View from Our Recent AGM We've decided to share this 12-minute excerpt from our closed-doors Annual General Meeting with our Limited Partners back in February. This segment offers our candid, data-driven perspective on the https://t.co/mJTnRRyhva
Mira Murati, former CTO of OpenAI, is leading her AI startup Thinking Machines Lab in a $2 billion fundraising round at a $10 billion valuation. The round is led by venture capital firm Andreessen Horowitz. The startup's funding terms grant Murati extraordinary control, including a board vote that exceeds the combined votes of all other directors and supervoting shares with 100 times the voting rights of other shares, effectively centralizing decision-making power. Additionally, the Albanian government has committed $10 million to finance Thinking Machines Lab, citing economic benefits and an enhanced global tech profile for the country. This deal highlights an unusual governance structure in the AI startup ecosystem.
