Saudi Aramco acquires a 49% stake in AI startup Humain, contributing ~$2.6B in cash in 2026 plus AI, compute, and digital assets; Saudi Arabia's PIF retains 51% (Dean Takahashi/GamesBeat)
Techmeme
· Nov 1, 2026 · company
Saudi Aramco takes a 49% stake in Humain with approximately $2.6 billion in cash plus assets, while PIF retains majority ownership.
Insurance software maker Guidewire agrees to acquire Hyperexponential, which makes AI-powered insurance underwriting and pricing software, for $1.7B in cash (Anzar Mehraj/Reuters)
Techmeme
· Nov 1, 2026 · company
The $1.7 billion cash deal expands Guidewire’s capabilities in AI-powered insurance underwriting and pricing.
Sources: OpenAI now seeks ~$20B at a $1.25T valuation for its latest round, from $30B at a $1.4T valuation, as some investors cut commitments amid an AI selloff (Financial Times)
Techmeme
· Oct 31, 2026 · company
OpenAI reportedly cut its fundraising target to $20 billion at a $1.25 trillion valuation as investors reduced commitments amid an AI selloff.
Sources: Baseten is raising ~$2B in two tranches, one valuing it at $26B and the other at $30B; Baseten was valued at $13B in June after raising $1.5B (Bloomberg)
Techmeme
· Oct 31, 2026 · company
Baseten is reportedly raising about $2 billion at valuations reaching $30 billion, more than doubling its June valuation.
Sources: DeepSeek doubled its latest round's size due to surging black market Nvidia Blackwell chip prices, with Chinese state-owned investors representing 27% (The Information)
Techmeme
· Oct 30, 2026 · company
DeepSeek reportedly doubled its latest funding round as black-market Nvidia Blackwell prices surged, with Chinese state-owned investors supplying 27% of the capital.
Le Chonk: Built for Coders, Trusted by Defenders.
Mistral AI News
· Oct 29, 2026 · models, oss
Mistral released open weights for its trillion-parameter multimodal Large 4 model, claiming leading coding performance among open-weight models.
Canada-based Cohere completes the first close of a round that it expects to total up to $5B, with Canada agreeing to invest up to $1.14B, at a $20.5B valuation (Bloomberg)
Techmeme
· Oct 29, 2026 · company
Cohere completed an initial funding close at a $20.5 billion valuation, targeting up to $5 billion with substantial Canadian government backing.
Mistral releases the weights for Mistral Large 4, or Le Chonk, and says it rivals top open models such as GLM-5.3 on the Artificial Analysis Coding Agent Index (Radhika Rajkumar/ZDNET)
Techmeme
· Oct 29, 2026 · models, oss
Mistral released downloadable weights for its flagship model, claiming coding-agent performance competitive with leading open models including GLM-5.3.
Source: Dulo, a startup co-founded by Google veteran Sebastian Thrun to build "foundation models for hardware design", raised a $130M seed (Rocket Drew/The Information)
Techmeme
· Oct 29, 2026 · company
Sebastian Thrun’s startup Dulo raised a $130 million seed round to develop foundation models for hardware design.
Alphabet's stock falls 12%+, wiping a record $500B from its market cap, after reporting negative cash flow amid its AI spending; the Nasdaq falls 1.4%+ (Stephen Morris/Financial Times)
Techmeme
· Oct 29, 2026 · company
Negative cash flow amid AI spending triggered a record $500 billion loss in Alphabet's market value, with shares falling over 12%.
Ottawa-based Solink, which uses AI to pull data from already-installed security cameras, raised $100M+ led by Vertu Capital, bringing its total raised to $198M+ (Duncan Riley/SiliconANGLE)
Techmeme
· Oct 29, 2026 · company
Solink raised over $100 million led by Vertu Capital to extract business insights from existing security cameras, bringing total funding above $198 million.
Google unveils Gemini 4 Carbon, its "strongest model with state-of-the-art cybersecurity" capabilities, ranked #1 on Artificial Analysis' new Intelligence Index (Koray Kavukcuoglu/Google)
Techmeme
· Oct 28, 2026 · models
Google's new flagship leads Artificial Analysis' Intelligence Index and introduces what the company describes as state-of-the-art cybersecurity capabilities.
Sources: Marvell is in advanced talks to buy data center optics maker Lumentum, whose market value is ~$83B; the deal could be announced as soon as next week (Bloomberg)
Techmeme
· Oct 28, 2026 · company
Marvell is reportedly nearing an acquisition of Lumentum, valued at roughly $83 billion, potentially consolidating a major supplier of AI data center optics.
OpenAI-backed Thrive Holdings acquires ADT
TechCrunch AI
· Oct 29, 2026 · company
OpenAI-backed Thrive Holdings is acquiring ADT for $15.3 billion, with plans to integrate AI into its home security business.
Sources: Meta's $25B share sale was oversubscribed 5x as it seeks $98B for AI spending; the 15 largest investors in the sale accounted for ~70% of shares (Anthony Hughes/Bloomberg)
Techmeme
· Oct 27, 2026 · company
Meta attracted demand worth five times its $25 billion share offering, demonstrating strong investor appetite as it seeks $98 billion for AI spending.
Sources: Anthropic is aiming to go public the week of November 16 and could raise ~$100B at a $1.5T to $2T valuation, after initially preparing for October (Wall Street Journal)
Techmeme
· Oct 26, 2026 · company
Anthropic is targeting a November IPO seeking roughly $100 billion, potentially valuing the frontier AI lab at $1.5 trillion to $2 trillion.
Anthropic files S-1 with the SEC for proposed initial public offering
Anthropic News
· Oct 26, 2026 · company
Anthropic filed an S-1 for a proposed IPO, marking a major step toward public-market financing for the frontier AI lab.
OpenAI announces three breakthroughs in computer science, math, and physics, including that the Exponential Time Hypothesis, a longstanding conjecture, is false (OpenAI)
Techmeme
· Oct 26, 2026 · research
OpenAI announces results across computer science, mathematics, and physics, including a disproof of the Exponential Time Hypothesis with major implications for computational complexity.
SpaceX agrees to a ~$40B equipment finance lease with Apollo to fund purchases of Nvidia GPUs for its AI initiatives, set to close before the end of 2026 (Carmen Arroyo/Bloomberg)
Techmeme
· Oct 26, 2026 · company
Apollo will finance roughly $40 billion in Nvidia GPU purchases for SpaceX, substantially expanding capital committed to its AI infrastructure.
Anthropic files for an IPO on the Nasdaq under the symbol ANT; the number of Class A shares to be offered and the price range is yet to be determined (Anthropic)
Techmeme
· Oct 26, 2026 · company
Anthropic filed to go public, opening a path to public-market financing while leaving the offering size and pricing undetermined.
Meta plans to raise $95B to finance its AI expansion, including a $35B underwritten equity offering, backed by cornerstone investors Nvidia, AMD, and Broadcom (Tim Bradshaw/Financial Times)
Techmeme
· Oct 26, 2026 · company
Meta plans $95 billion in AI financing, including a $35 billion equity offering backed by Nvidia, AMD, and Broadcom.
Anthropic officially files for its public debut
TechCrunch AI
· Oct 26, 2026 · company
Anthropic’s IPO filing discloses soaring revenue, mounting losses, and governance provisions designed to preserve founder control as the frontier lab seeks public capital.