Daily AI news, sourcedUpdates / Business & funding
Business & funding: 149 updates tracked, 46% Official.
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Updates Business & funding · 149 items · newest issue first · page 1 of 8
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- OpenAI is racing to raise about $30 billion at a valuation of over $1.4 trillion before Anthropic's IPO, per ReutersReportedReutersOct 20Business & funding
- Town raises $108 million Series B at a $1 billion valuation for AI assistants for teams
- Nscale and Anthropic are in talks on a second $45 billion compute deal, per Bloomberg
- Cognizant and Google Cloud launch a Gemini Frontier Capability Group backed by more than 18,000 Cognizant engineersOfficialCognizantOct 20Business & funding
- NVIDIA signs an industrial AI declaration of intent with Germany's government and plans investments in four German startupsOfficialNVIDIA BlogOct 20Business & funding
- Anthropic's Long-Term Benefit Trust can seat most of its board, but its governing documents are still private ahead of the IPO, per The Wall Street Journal
- AI companion app Tolan raises $30M from USV, Khosla Ventures and Homebrew, per Upstarts Media
- NVIDIA and the European Broadcasting Union expand sovereign AI standards for broadcasters with Microsoft, Nebius and open modelsOfficialNVIDIA BlogOct 20Business & funding
- Google says IDC named it a Leader in the first IDC MarketScape for agentic AI platforms
- Executives expect a neocloud shakeout that could hit Nvidia's non-hyperscaler sales, per The InformationReportedThe InformationOct 19Business & funding
- Stripe says Link agent purchases rose 38x in September as about 200 agents shop through it, per Upstarts MediaReportedUpstarts MediaOct 19Business & funding
- Anthropic puts 5% of its shares into a new Public Benefit Fund, adding up to 2% more for each 50% rise in its valueOfficialAnthropicOct 19Business & funding
- Disney agrees to offer jobs to most of Character.AI's workforce in its bankruptcy bid, per TechCrunch
- GeoPT first author Wu Haixu has founded a physics world-model startup valued at several hundred million dollars, per QbitAIReportedQbitAIOct 17Business & funding
- NVIDIA and Mercedes-Benz extend their partnership to build next-generation automated driving systemsOfficialNVIDIAOct 17Business & funding
- Replit CEO Amjad Masad says Replit no longer works with Anthropic, citing cost and performance, per TechCrunch
- Anthropic got a BB+ rating from KBRA in June, the highest junk grade, per Financial TimesReportedFinancial TimesOct 17Business & funding
- DeepSeek is hiring AI and Agent Harness product managers for its product department in Beijing and Hangzhou
- Some Anthropic investors weigh an IPO valuation around $1.5 trillion, below earlier $2 trillion expectations, per Reuters
- Tencent raises about $5.7 billion in US dollar and offshore yuan bonds, with orders above $23 billion