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Nvidia in Talks to Deepen Investment in Reflection AI or Acquire It
Per Reuters, citing the Financial Times: Nvidia is in talks to invest further in Reflection AI or buy it; the …
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Nvidia-Backed Firmus Withdraws $31B IPO That Would Have Been Australia's Biggest in Nearly 30 Years
Nvidia-backed Australian AI data center operator Firmus withdrew its $31B IPO on the day its prospectus was du…
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OpenAI's Annualized Revenue Nears $50B, Below the Reported $70B; Nasdaq Falls 1.25%
FT, midday ET Oct 8: OpenAI told investors its annualized revenue was "approaching $50 billion" at end-Septemb…
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Nvidia-Backed Upscale AI Launches Token Fabric for Cross-Vendor AI Chip Networking
Upscale AI launched Token Fabric, a data-center networking platform letting customers mix AI chips from rival …
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Sequoia Leads $60M Series B for Robot-Data Startup Mecka AI
Mecka AI raised a $60M Series B led by Sequoia, with Nvidia and Microsoft's M12 participating; it pays people …
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Broadcom Arranges $50B+ Financing for OpenAI Custom Chips; Oracle and SpaceX Also Seek Chip Debt
Broadcom is arranging $50B+ in financing for OpenAI's custom chips (Apollo, Blackstone in talks); Oracle is ne…
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Nous Research Raises $90M Series B at $1.5B Valuation
WSJ: Nous Research raised a $90M Series B at a $1.5B valuation; open-source assistant Hermes passed 22.7M down…
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Lambda Seeks $4B in Final Pre-IPO Round at $14.5B Valuation: $35B of Its $50B Backlog Is One Customer
WSJ first reported Oct 6 (Reuters/TechCrunch followed): Nvidia-backed AI compute cloud Lambda is raising up to…
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Mistral Debuts “Le Chonk”: Open-Weight Large 4 in Public Preview, Weights Drop Oct 27
Per the Wall Street Journal on October 6: Mistral on Tuesday opened a public preview of the open-weight Large …
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Nvidia-Backed Reflection Debuts Beam, Its First Open-Weight Frontier Model: 501B Params, 23B Active
On October 5, US startup Reflection AI launched Beam, its first frontier open-weight model: a text-only MoE wi…
