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Sources: Thinking Machines Lab is raising $5B led by Accel at a $40B pre-money valuation, more than tripling its valuation from its last public round last year (Business Insider)

AI startup Thinking Machines Lab is set to close a fresh round of funding as soon as this week.

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Australian Market Notably Lower

(RTTNews) - The Australian stock market is trading notably lower on Friday, reversing some of the sharp gains in the previous session, following the broadly negative cues from Wall Street overnight.

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