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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. 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

3. 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…

   Stories·Oct 6

4. 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…

   Stories·Oct 8

5. 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…

   Stories·Oct 7

6. 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…

   Stories·Oct 7

7. 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

8. 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…

   Stories·Oct 6

9. 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…

   Stories·Oct 6

10. 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…

    Stories·Oct 12