TechCrunch reported that Thinking Machines Lab, the newly formed AI startup led by former OpenAI CTO Mira Murati, is reportedly attempting to close one of the largest seed funding rounds in tech history — targeting $2 billion. The potential valuation after the round could reach at least $10 billion, according to TechCrunch.

The startup, Thinking Machines Lab, recently emerged from stealth and boasts a team of high-profile AI researchers. While it currently has no product or revenue, its roster of talent is convincing investors to back it. The company also recently onboarded AI veterans like Bob McGrew and Alec Radford as advisors, further strengthening its profile in the AI ecosystem.