News category
17 briefs in this category, newest first.
National Grid Ventures will take a 35% stake in Joulent, funding a 2.67 GW co-located gas plant in West Texas that pipes power directly to a Microsoft data center campus, bypassing the public grid entirely.
Alibaba, Baidu, and Tencent all backed the same AI video company, shaving $2 billion off Kling AI's initial valuation ask. The shift from $20B to $18B signals that investors now demand unit-economics proof, not AI-story pricing.
Together AI closed an $800 million Series C on July 1, 2026, pushing its valuation to $8.3 billion and securing commitments for over 500 megawatts of compute capacity to serve enterprises running open-source models.
Alphabet closed a $84.75 billion equity capital raise in early June 2026, upsized from an initial $80 billion, with Berkshire Hathaway anchoring $10 billion of the deal. The capital funds AI compute buildout as Alphabet projects $180-190 billion in 2026 capital expenditures.
Patronus AI closed a $50M Series B led by Greenfield Partners on June 25, 2026, and unveiled Digital World Models, language diffusion environments that let AI agents practice and self-evaluate on complex digital workflows before going live.
Samsung Group plans to invest 1,000 trillion won (roughly $648 billion) over the next decade on semiconductor fabs, AI data centers, batteries, and displays. The largest industrial pledge in South Korea's history.
The New York startup, spun out of game-clip platform Medal, trains embodied AI agents on 2 billion gaming video clips per year and counts Jeff Bezos and Eric Schmidt among its backers.
SpaceX confirmed its $60 billion all-stock acquisition of Anysphere on June 16, the same day Cursor held Compile 2026 and announced three products: Origin, a proprietary model exceeding 1.5 trillion parameters, and Cursor Mobile.
The Financial Times independently reviewed OpenAI's audited 2025 financial statements and confirmed a $38.5B net loss and $17.2B in payments to Microsoft Azure, a figure that exceeded the company's total annual revenue of $13.07B.
Audited financial documents reviewed by journalist Ed Zitron and independently verified by the Financial Times show OpenAI spent $34 billion in 2025 while booking $13.07 billion in revenue, producing a net loss attributable to the company of $38.53 billion.
The Paris-based AI lab is reportedly in early discussions for a new round that would nearly double its September 2025 Series C valuation of 11.7 billion euros.
SpaceX priced 555.6 million shares at $135 each on June 12, raising $75 billion in the largest IPO in history. Shares closed up 19% and the debut reshapes the compute economics behind xAI.
Jeff Bezos and Vik Bajaj's physical AI startup Prometheus raised $12 billion on June 11, 2026, valuing the company at $41 billion. The round, backed by JPMorgan Chase, Goldman Sachs, and BlackRock, will fund compute for building AI systems that automate physical-world engineering tasks.
Anthropic PBC filed a confidential draft S-1 with the US Securities and Exchange Commission on June 1, 2026, ten days after disclosing a $65 billion Series H round at a $965 billion post-money valuation.
OpenAI submitted a confidential draft Form S-1 to the US Securities and Exchange Commission on June 8, 2026, opening the door to a public listing it says could come as soon as this fall.
Alphabet priced an $84.75 billion equity capital raise on June 2, 2026, upsized from an initially announced $80 billion, with Berkshire Hathaway committing $10 billion in a private placement. Proceeds are earmarked for AI infrastructure and global compute.
xAI's general counsel issued guidelines on May 26 restricting staff contact with Cursor employees, weeks after the two teams began working together inside xAI offices. The warning followed SpaceX's IPO filing and a disclosed 30-day option to buy Cursor for $60 billion once trading begins.
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