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

   

   …aised $122 billion in a March funding round; leaked 2025 financials earlier this year showed about $13 billion…

   Stories·Oct 9

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

   

   …Coatue Management — its final funding round before a planned 2027 IPO. A letter to limited partners puts its b…

   Stories·Oct 7

3. Nvidia-Backed Reflection Debuts Beam, Its First Open-Weight Frontier Model: 501B Params, 23B Active

   

   …ghts aren't downloadable yet. Funding and compute Reflection has raised roughly $4.7B (Nvidia, Sequoia, Lights…

   Stories·Oct 6