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1. OpenAI's Annualized Revenue Nears $50B, Below the Reported $70B; Nasdaq Falls 1.25%

   

   …ized revenue was "approaching $50 billion," $20 billion below the $70 billion reported late last month; the Na…

   Stories·Oct 9

2. Broadcom Arranges $50B+ Financing for OpenAI Custom Chips; Oracle and SpaceX Also Seek Chip Debt

   

   …oadcom is arranging more than $50 billion in financing for the custom chip it is developing with OpenAI; per t…

   Flash·Oct 8

3. Nvidia-Backed Firmus Said to Cut $5B Australian IPO Pricing as Investors Balk

   

   …Firmus planned to raise about $5 billion in what would be Australia's second-largest IPO in nearly 30 years; l…

   Flash·Oct 8

4. Lambda Seeks $4B in Final Pre-IPO Round at $14.5B Valuation: $35B of Its $50B Backlog Is One Customer

   

   …ambda's backlog rose from $15 billion in June to $50 billion in September, $35 billion of it from a single Ant…

   Stories·Oct 7

5. Nvidia-Backed Firmus Withdraws $31B IPO That Would Have Been Australia's Biggest in Nearly 30 Years

   

   …ued the company at about A$44 billion and targeted nearly $5 billion; it would have been Australia's largest s…

   Flash·Oct 9

6. White House Announces $2.4B in AI-for-Science Tool and Compute Credit Pledges From 11 Companies

   

   Why it matters: The $2.4 billion from 11 companies comes as compute credits and tools rather than cash appropr…

   Stories·Oct 9

7. Sequoia Leads $60M Series B for Robot-Data Startup Mecka AI

   

   …ng, at a previously reported ~$500 million valuation; Mecka pays people to record everyday tasks to train huma…

   Flash·Oct 8

8. Nvidia-Backed Upscale AI Launches Token Fabric for Cross-Vendor AI Chip Networking

   

   …. Upscale AI was valued at $2 billion in June and has raised about $500 million in total. Token Fabric's first…

   Flash·Oct 9