Thinking Machines Lab just raised $2 billion at a $10 billion valuation. No product. No roadmap. Just talent. Just conviction. And if you’re getting the vibe of mad investor FOMO watching this play out, well, you’re not alone in that thinking. What’s happening here isn’t just about hype. It’s about a shift in how value is assigned in frontier tech. This is the era of talent valuation, and while the math is risky, it isn’t as wild as it looks.

Read More