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AI news tagged Funding and deals, with sources.
Isomorphic Labs, the DeepMind-born AI drug discovery company, is in early talks to raise money at a valuation of at least $40 billion, Bloomberg reported.
According to The Information, Nvidia told OpenRouter it was prepared to make a counteroffer to Stripe’s deal, but it never submitted a formal bid.
Mecka, which pays people to record everyday tasks with body sensors and supplies the motion data to robot makers, raised a $60 million Series B led by Sequoia.
Mistral unveiled Large 4 on October 6. The same week, Ecosia dropped Mistral, Reflection AI launched Beam and DeepSeek was reported near a $12 billion round.
Google and Constellation Energy announced deals covering 3,590 MW on the PJM grid on October 6, with 890 MW from uprates at 11 Constellation nuclear units.
South Korea’s science ministry plans a 4.7 trillion won (about $3.5 billion) program to build a frontier AI model, with development starting in March 2027.
AI chip startup Etched is reviewing investment offers that value it at $40 billion to $50 billion, about double its August valuation, TechCrunch reported.
Citadel founder Ken Griffin’s gift of more than $3 billion to Carnegie Mellon University is the largest individual gift in the history of higher education.
According to The Information, Anthropic booked more than $660 million in non-cash expenses from October 2025 to March 2026 to match employee donations.
Anthropic announced the Claude Frontier Academy on October 2, backed by a $100 million commitment to train 10,000 engineers by the end of 2027.
After spending more than $80B on the metaverse, Meta turned to AI. Its Muse agent launched in September, and Meta shares rose more than 20% in two weeks.
According to a tally Paul Bonnet shared on X, 102 neolabs have raised $70 billion at a combined $320 billion valuation, with combined revenue under $1 billion.
A Brookings Papers on Economic Activity paper projects $10.3 trillion of US investment in data centers, power, networking and chips over 2025-2032.
The 10-year US Treasury yield hit 5.23%, its highest since 2007; alongside inflation and Fed expectations, heavy AI-related borrowing is adding pressure.
The a16z-backed Horowitz Andreessen Academy is a tuition-free San Francisco program for high school graduates; its first class starts in September 2027.
Alongside a $35 million Series A led by M13, Baselayer launched an identity suite that verifies AI agents and the people or organizations they represent.
Heidi’s $340 million combines a $100 million Series C led by Blackbird and a $240 million growth investment from General Catalyst, at a $900 million valuation.
Drone maker Tekever raised $580 million in a round led by University of California Investments and Baillie Gifford, reaching a $6.4 billion valuation.
TypeSafe, the maker of Jev, raised a $40 million seed at a $200 million valuation on September 15 and is now discussing a valuation above $10 billion.
Thore Graepel, a co-creator of AlphaGo, left Google DeepMind this summer and is raising tens of millions of dollars for a company called Metis Reasoning.
OpenEvidence, a clinical search engine used by more than 40% of US physicians, reached a $15 billion valuation on a previously unreported $250 million round.
A July presentation seen by the Financial Times shows OpenAI projecting $278 billion of negative cash flow in 2026-2030 and about $856 billion in compute costs.
According to the Wall Street Journal, Anthropic moved its IPO from October to November, as its annualized revenue run rate crossed $100 billion.
According to the Financial Times, the $18 billion loan for Project Jupiter in New Mexico is trading at 89 to 91 cents on the dollar on the secondary market.
According to The Information, Beijing-based Naive AI raised $400 million across three rounds at a $1.42 billion valuation; it has not confirmed the figures.
London-based Nscale filed an S-1 to list on the NYSE as NSCL; of its $103.4 billion in active and contracted value, only $2.6 billion is active.
According to the Wall Street Journal, Anthropic will tell IPO investors its addressable market tops $30 trillion, above SpaceX’s $28.5 trillion estimate.
Bloomberg data shows ByteDance founder Zhang Yiming passed Gautam Adani to become Asia’s richest person, with a fortune of $105 billion.
Taboola offered up to 27 million pounds for London-based finance ad network Dianomi. The deal is expected to close before the end of 2026.
Chinese GPU maker Biren is sounding out investors for a new share sale worth roughly $1 billion. The company listed in Hong Kong in January.
Temporal’s valuation rose to $12.55 billion. Its Durable Execution technology lets a workflow resume after a failure instead of starting over.
Temporal was valued at $5 billion in February in a $300 million round led by a16z. Net dollar retention has stayed above 200% since then.
Legora builds software for lawyers, while Nexthop AI tackles the network bottlenecks created by AI workloads. Both March rounds show where capital is moving.
Larry Ellison’s fortune shrank by about $200 billion in a year. Bloomberg’s index put him seventh with $204 billion as of September 13 as Oracle stock slid.
Larry Ellison canceled a plan covering 50 million Oracle shares one day after a regulatory filing revealed it. Not one share was sold under the plan.
CNBC and Fortune reported on August 27 that Nvidia is in advanced talks to acquire Hugging Face, the hub of open-source AI, for around $12.9 billion.
Anthropic will pay UK-based Nscale roughly $45 billion over six years to rent 460 megawatts of compute at the Monarch campus in West Virginia.