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Andreessen Horowitz

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Apple’s Ternus era begins as Nvidia bets on the whole AI stack

Apple's John Ternus becomes CEO as Tim Cook steps down; Nvidia expands across the AI stack while a16z launches a $1.1B Machine Age fund.

Tim Cook stepped down as Apple CEO, handing the company to former hardware chief John Ternus, with Cook staying as Executive Chairman focused on policy relationships. TechCrunch's Equity podcast also unpacks Nvidia's moves to own the entire AI stack, including its Hugging Face acquisition, a MediaTek investment, and deeper compute deals. Other items include robotaxi competition (Tesla Cybercab, Waymo expansion, Zoox paid rides), Andreessen Horowitz's new $1.1 billion 'Machine Age' fund, and the $285 million GoPro acquisition.

TechCrunch · AI · 11d agoAI industry

Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation

Thinking Machines, Mira Murati's AI lab, is in talks to raise $1 billion at a $40 billion valuation, with Accel reportedly leading.

Thinking Machines, the AI lab founded by former OpenAI CTO Mira Murati, is negotiating a $1 billion round at a valuation of at least $40 billion, below the $50 billion it reportedly sought last year. The company's annual revenue run rate exceeds $100 million, mostly from usage-based compute fees for its open-weight Inkling model adapted on the Tinker platform. Its prior $2 billion seed round, led by Andreessen Horowitz with Nvidia, GV, Lightspeed, and Conviction Partners, valued it at $12 billion. Several co-founders, including Lilian Weng and Luke Metz, have since returned to OpenAI.

TechCrunch · AI · 12d agoAI industry