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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…
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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…
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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…
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Manus Parent Raises Over $500M, Operating Independently After Meta Deal Was Blocked
…t major raise since Meta's $2 billion-plus acquisition was unwound; per The Information, its annualized revenu…
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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…
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Moonshot AI Closes Final Private Round at ~$50B, Eyes $5B Hong Kong IPO in Q1 2027
…The valuation rose from $31.5 billion to about $50 billion in two months, and annualized revenue went from $30…
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Tencent Mulls $5B Offshore Bond Sale to Fund AI Push
…s year; in June it sold $4.66 billion of bonds, its largest debt deal since 2020.
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Stuut Raises $52.5M Series B to Automate Order-to-Cash
…ers and has processed over $3 billion, and the new money funds expansion into credit, lending and fund movemen…
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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…
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Isomorphic Labs in Talks at a $40–50B Valuation; No Drug Yet in Human Trials
…t a valuation of at least $40 billion and up to $50 billion, five months after a $2.1 billion Series B; none o…
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US Government, Meta and Google Join Biohub's $1.8B Open Dataset Effort for Biology AI
…Initiative grows from April's $500 million to $1.8 billion; the first datasets are due in about a year, with p…
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Etched Fields $40–50B Funding Bids: No Shipped Chips at Scale, Valuation Doubles in Three Months
…s: Etched was valued at $10.3 billion in July and $21 billion in September, and new bids range from $40 billio…
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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…
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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…
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OpenAI in Talks for $30B Round at $1.4T Valuation, With UAE Funds and BlackRock Circling
… about 64% above March's $852 billion post-money; it is offered as a fixed price with no lead investor yet, an…
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DeepSeek Nears $12B Funding Round with Tencent and CATL, Doubling Its Original Target
… this year; it grew from a 50 billion yuan target to at least 80 billion yuan, with Tencent and CATL among the…
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OpenAI in Talks to Raise $30B at $1.4T Valuation: A Bridge Round After the IPO Delay
… about 64% above March's $852 billion valuation; Altman has ruled out a 2026 listing, while Anthropic reported…
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AMD to Acquire Fei-Fei Li's World Labs for $8.2B; Li to Become Chief Scientist
Why it matters: The ~$8.2 billion all-stock deal is AMD's second-largest acquisition, behind the 2022 Xilinx d…
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Moonshot in Settlement Talks Before Its IPO: A Claim Above $700 Million Dating to a Spin-Out
…on when calculated at the $30 billion valuation from a Moonshot fundraising in June. In September, Moonshot co…
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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…
