Armadin, founded by former Mandiant CEO Kevin Mandia, raised $255.5 million in Series B funding at a valuation exceeding $2.5 billion. The startup uses AI agents to identify security vulnerabilities that cybercriminals are most likely to exploit.
The Federal Trade Commission has launched a formal investigation into OpenAI, Anthropic, and other AI companies over potential consumer protection violations, with plans to compel document production and executive testimony.
Anthropic is seeking to go public as soon as mid-November at a valuation of $25-26 billion, according to multiple reports. The AI model maker pushed back earlier plans and will hold a pre-IPO investor day on October 14. Reuters obtained exclusive details from the confidential S-1 filing.
OpenAI's annualized revenue run rate has surged approximately 70% since the start of Q3 to nearly $70 billion, driven by enterprise sales growth and its Codex coding assistant. The company reports ChatGPT now reaches 1.2 billion people weekly, while competitor Anthropic's revenue rate has reportedly reached similar levels.
Advanced Micro Devices has agreed to acquire World Labs, the artificial intelligence startup founded by renowned computer scientist Fei-Fei Li, for $8.2 billion in stock. The acquisition brings one of AI's most influential researchers to AMD as the chipmaker escalates its rivalry with Nvidia in the AI chip market.
Anthropic launched Claude Sonnet 5.5, the second model in its Claude 5.5 family, featuring 30% faster output generation and 30% lower per-task costs compared to its predecessor. The mid-tier AI model nearly matches the performance of the more expensive Opus 5.5 on knowledge-work benchmarks and includes enhanced cybersecurity safeguards, with the release coming as the company prepares for a planned initial public offering.
Anthropic is asking shareholders to approve a special class of shares that would give CEO Dario Amodei and the company's six other co-founders a combined 50.1% of voting power as the AI company prepares for a potential public offering.
Venture capital firm Andreessen Horowitz is launching a two-year program aimed at recent high school graduates and college dropouts to identify and train young talent building AI, with partnerships from Palantir, Google, and Meta.
Meta's new AI personal agent Muse reached the top of the U.S. Apple App Store within two weeks of its September 8 launch, surpassing ChatGPT's download and daily active user numbers over the same period after its mobile debut. Meta's stock jumped 11% following the strong performance.
OpenAI launched GPT-6 Sol and Luna while Anthropic released Claude Opus 5.5 on Tuesday, both offering significantly reduced pricing as the companies face pressure from lower-cost competitors. The near-simultaneous releases came despite Anthropic's CEO previously calling for slowing AI development.
A lawsuit filed Friday alleges that major AI companies including Anthropic, OpenAI, Google, and SpaceXAI entered into an illegal agreement to collectively slow the pace of artificial intelligence development, depriving paying subscribers of promised product improvements.
Angle Health, an AI-based health benefits platform founded by two former Palantir engineers, secured $600 million in funding led by European midmarket firm Vitruvian Partners, reaching a $2.7 billion valuation. The San Francisco-based startup provides digital healthcare benefits for employers.
Chinese internet company ByteDance has completed a $290 million fundraising round for its artificial intelligence drug discovery unit after spinning it off as a separate entity called Anew Labs. The funding values the newly independent company at $1.5 billion.
AI company Anthropic has signed its first Australian data centre lease agreement for a $32 billion facility to be built near Dalby in Queensland's Western Downs region, about 250km west of Brisbane. The site, being developed by Singaporean company Zerra DC, would become one of the world's largest computing facilities.
TypeSafe AI, founded by former OpenAI researcher Diogo Almeida, has released Jev, an AI model designed for software classification rather than text generation. The model delivers pure classifications with response times starting at 70 milliseconds and extremely low token prices.
OpenAI is in early discussions with investors about a fresh funding round that would value the ChatGPT maker at approximately $1.2 trillion, according to reports. The move comes as CEO Sam Altman pushes the company's IPO timeline to 2027, months after a previous $122 billion fundraise.
Factory, a San Francisco startup building autonomous AI agents for software engineering, closed a $200 million funding round that values the company at $5 billion. The valuation represents more than triple the $1.5 billion valuation from its previous round five months earlier.
Rome-based cybersecurity startup Exein has raised $270 million in a funding round led by Headline, achieving unicorn status with a $1.7 billion valuation. The company provides AI-powered security solutions for physical AI devices including robots, drones, and autonomous machines.
Dutch startup Axelera AI launched its second-generation Europa chip and secured AI factory supply contracts with over 600 customers, while Euclyd raised €200M in Series A funding co-led by Samsung to develop its CRAFTWERK inference chip as an alternative to GPU-based solutions.
AI marketing startup Profound has raised $180 million in Series D funding at a $1.8 billion valuation, co-led by Sequoia Capital and Kleiner Perkins. The platform helps brands optimize their visibility in AI-powered search results and answer engines, with Estée Lauder announcing a strategic partnership.
Temporal has raised $550 million in a Series E funding round led by Lightspeed, more than doubling its valuation to $12.55 billion in seven months. The software startup is seen as benefiting from the AI boom, with CEO Samar Abbas discussing AI safety concerns and the need to audit AI agents.
Swedish healthtech startup Tandem Health has secured $100 million in Series B funding led by the EU-backed €5 billion Scaleup Europe Fund, with participation from existing investors including Kinnevik, Northzone, Amino Collective, and Visionaries.
AI company Anthropic has informed its backers it will be profitable this quarter, marking its second consecutive profitable quarter as it prepares for a blockbuster IPO and moves to address investor concerns about cash burn at frontier AI companies.
Sam Altman confirmed OpenAI will not pursue an IPO in 2026, stating the company wants to reach a $1 trillion valuation before going public and citing AI safety concerns as requiring more work before a public offering.
OpenAI CEO Sam Altman announced the company will not pursue an initial public offering in 2026, calling it an 'ill-advised moment' given ongoing concerns about AI safety and alignment. The decision comes as the industry faces increased scrutiny over the risks posed by artificial intelligence technology.
UK-based AI data center startup Nscale has appointed Fidji Simo, former OpenAI and Meta executive, to its board as the company prepares for an initial public offering. Simo was recruited by board member Sheryl Sandberg and brings Silicon Valley leadership experience to the fast-growing infrastructure company.
Shanghai Enflame Technology shares more than doubled on their trading debut after raising $911 million in an IPO, creating two new billionaires and continuing China's AI chip IPO boom despite the company never turning a profit.
A high-profile resignation from AI company Anthropic has brought mainstream attention to ongoing tensions in Silicon Valley over artificial intelligence safety warnings, as industry insiders continue to raise concerns about existential threats even while developing the technology. The debate played out this week as tech executives gathered at Goldman Sachs' annual San Francisco conference.
Maven Robotics has emerged from stealth mode with a $100 million Series A funding round and is actively competing to take over a large enterprise robot deployment contract from an existing vendor. The startup, which had only a concept and team in 2024, is now deploying general-purpose AI robots for warehouses and factories.
AI chip startup Positron AI has raised $875 million in its latest funding round, more than quadrupling its valuation to $5 billion in seven months. The company develops chips designed to run AI models more quickly.
Chinese AI company DeepSeek launched its V4.1-Flash model on September 10, 2026, featuring a 552-billion-parameter architecture that cuts memory requirements by 75% and offers inference pricing as low as $0.003 per million tokens. The model claims to match or exceed performance of competitors like GPT-6 Astra, Claude Opus 5, and GPT-5.6 Sol on various benchmarks while operating at a fraction of the cost.
DeepSeek has engaged CITIC Securities as an underwriter to prepare for an initial public offering on Shanghai's STAR Market, signaling the AI startup is advancing its domestic listing plans. The Hangzhou-based firm aims to begin the IPO process this year.
Antioch Inc., a year-old startup, secured $32 million in Series A funding led by Greylock to expand its cloud-based simulation platform that enables robot testing without real-world data collection. The funding will support product development and engineering hires as the company offers an alternative to billion-dollar real-world data approaches.
Healthcare automation startup Forus raised $150 million in a Series C round led by Bain Capital Ventures, tripling its valuation to $3 billion in approximately four months. The company uses AI to accelerate patient access to specialty medicines.
Chinese AI start-up DeepSeek is conducting what it describes as an unprecedented hiring campaign to recruit 150 engineers, aiming to overhaul back-end systems that have been severely strained by surging user demand and compute-intensive AI operations.
NavigateAI, founded by former Opendoor CEO Eric Wu, emerged from stealth in May with $25 million in funding from Elad Gil and Khosla Ventures. The company is developing AI copilots that provide real-time, hands-free guidance to construction workers through smartphones and Meta's AI glasses.
Australian data center operator Firmus Technologies signed a multi-year agreement with OpenAI to supply computing capacity from two Malaysian data centers, making ChatGPT maker an anchor customer as the company prepares for an IPO.
Sapien, a two-year-old San Francisco-based AI startup, has raised a new funding round led by Neo's Ali Partovi at a $180 million valuation. The company is expanding beyond financial planning software into broader operational analysis systems for enterprises.
San Francisco-based Lightsage has raised $4 million in seed funding led by Nexus Venture Partners to build what it calls an 'Agent-Led Growth' platform, helping software companies optimize their products to be discovered and chosen by AI coding agents like Claude Code, Codex, and Cursor rather than human users.
Milan-based startup Cato has secured €6m in seed funding to develop AI software for navigating Italian public procurement processes. The investment thesis centers on the persistent complexity of public tender systems rather than simplification.
Japanese AI startup Preferred Networks is planning to go public to raise funds for mass-producing its own chips, reflecting the rising costs and scale needed to remain competitive in the global AI chip race, according to CEO Daisuke Okanohara.
AI companies Anthropic and OpenAI are pursuing top-tier credit ratings from bankers to secure favorable financing terms as they prepare for their respective initial public offerings. Anthropic's IPO is expected to begin marketing in mid-October, potentially coinciding with a national election.
SenseTime is achieving profitability by focusing on enterprise applications rather than model size, while international traders increasingly turn to Chinese equity derivatives as an alternative to crowded AI trades in Korea and Japan.
AI company Anthropic is preparing for what could be the largest AI IPO in history, with marketing expected to begin in mid-October and listing before the US mid-term elections in November. Investors are demanding detailed revenue metrics while the company's unusual governance structure raises questions ahead of the blockbuster debut.
TikTok parent ByteDance obtained a $29.6 billion unsecured syndicated loan from nearly 30 banks, coordinated by Citigroup and JPMorgan, to fund AI data center investments. The facility was increased from an originally planned $20 billion due to strong lender demand.
Thinking Machines, the AI lab founded in early 2025 by former OpenAI CTO Mira Murati, is negotiating to raise at least $1 billion in funding at a $40 billion-plus pre-money valuation, with Accel reportedly leading the round.
Diameter Pay, a stablecoin payments infrastructure startup focused on cross-border transfers, has raised $10 million in Series A funding co-led by CMT Digital and Lightspeed. The company provides embedded payments infrastructure that routes cross-border transfers for banks using crypto rails.
Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.93 billion, marking one of the chipmaker's largest acquisitions as it expands beyond hardware into AI model distribution and software. Hugging Face CEO approached Nvidia's Jensen Huang weeks ahead of the deal announcement.
AI company Anthropic has postponed its highly anticipated initial public offering, now planning to begin marketing in mid-October and complete the listing before the US mid-term elections in November. The blockbuster IPO is expected to value the company at approximately $2 trillion, with the delay pushing the prospectus release from next week to late September.
Broadcom CEO Hock Tan revealed during the company's Q3 2026 earnings call that Anthropic is the company's largest XPU customer. Broadcom reported $16.7 billion in AI semiconductor revenue and forecasts AI revenue reaching $230 billion by fiscal 2028.
Israeli-Dutch AI startup Wonderful has closed a $550 million Series C funding round led by Insight Partners with participation from Salesforce, valuing the enterprise AI automation company at $5 billion. The valuation represents a 2.5x increase from its $2 billion valuation just six months ago.
AI security startup HiddenLayer has raised $100 million in Series B funding, three years after its $50 million Series A round. The company is expanding beyond model protection to address emerging threats in AI agents, open models, and enterprise AI systems.
Matt Clifford, who designed the UK government's artificial intelligence strategy, has joined US AI startup Anthropic in a senior role overseeing international government relations. The appointment comes a year after he stepped down from his Downing Street position and raises questions about potential conflicts of interest.
Meta Superintelligence Labs has released its first product, Muse Voice Transcribe, a real-time AI model that combines speech transcription, speaker diarization, and endpointing in a single system. The model can distinguish between multiple speakers and languages simultaneously, replacing the traditional approach of using three separate systems.
Physical Superintelligence, a new startup, has raised $58 million in seed funding to build an AI-native physics research laboratory aimed at solving unsolved physics challenges, improving data center efficiency, and enabling interstellar exploration.
AI data company AfterQuery reached a $3.2 billion valuation just 18 months after founding, up from $300 million five months ago, making it Y Combinator's fastest company to reach unicorn status in nearly two decades.
Israeli startup AIR has raised $50 million to develop security and vetting tools for the emerging software supply chain around AI agents, including skills, plug-ins, and other add-ons that companies are increasingly deploying with access to their systems.
Stablecoin payments company Kast has launched a new business-focused platform combining accounts, payment cards, and other services after closing an $80 million Series A funding round. The company, founded by former Circle executive Raagulan Pathy, aims to onboard between 1,000 and 5,000 active businesses by the end of 2026.
Stablecoin payments company Kast has launched a new business-focused platform combining accounts, payment cards, and other services after closing an $80 million Series A funding round. The company, founded by former Circle executive Raagulan Pathy, aims to onboard between 1,000 and 5,000 active businesses by the end of 2026.
Chinese-founded AI startup Manus announced it has formally resumed independent operations more than four months after Beijing blocked Meta's $2 billion acquisition deal. The regulatory intervention reflects China's tightened controls on technology exports and cross-border transactions.
AI company Anthropic has signed a $35 billion cloud-computing deal with Lambda, a cloud provider backed by Nvidia, for a data center in Nueces County, Texas. The project, being developed by Hut 8, covers approximately 350 megawatts of capacity.
