OpenAI reportedly raises less than half of its $30B funding target
The shortfall signals investor caution amid broader jitters about AI spending and valuations.
The Wall Street Journal · +10 outlets
Salesforce agrees to buy defense AI startup Rune for $375M in cash-and-stock deal
The AI logistics startup will bolster Salesforce's Missionforce defense platform as the CRM giant continues an acquisition spree.
TechCrunch · +11 outlets
Anthropic draws scrutiny over IPO, with credit agencies expected to assign high junk rating
A junk rating would raise Anthropic's cost of funding its roughly $800B compute buildout after the listing.
TechCrunch · +2 outlets
Cracks emerge in the AI spending boom as debt and cash flow concerns mount
Rising debt, negative cash flow and investor skepticism are raising questions about the sustainability of Big Tech's AI infrastructure buildout.
TechCrunch · +12 outlets
Nvidia weighs cosigning debt for Nscale's West Virginia AI data center
The move would put the chipmaker's balance sheet behind a major AI infrastructure project as investors grow nervous about AI spending.
TechCrunch · +4 outlets
Anthropic IPO valuation estimates range from $1.47T to a rumored $2T
The wide range of analyst and market estimates underscores how speculative Anthropic's public market debut has become.
Startup Fortune · +5 outlets
Intel agrees to acquire Israeli quantum software startup Classiq
The deal deepens Intel's quantum computing push beyond hardware into software tooling.
Stocktwits · +14 outlets
OPay pulls $304M NYSE IPO hours before shares were set to trade
The last-minute withdrawal is a setback for the fintech's US listing plans.
Startup Fortune · +5 outlets
AI inference startup Baseten targets $30B valuation in new funding round
The reported valuation would make Baseten one of the most valuable private AI infrastructure companies.
Tech in Asia · +5 outlets
Apple acquires agentic AI engineering startup Ascend.io
The deal adds data pipeline and agentic AI engineering talent to Apple as it builds out its AI stack.
9to5Mac · +6 outlets
Sierra seeks funding at $20B valuation as it adds $150M ARR in a quarter
Sierra's rapid ARR growth contrasts with a sharp drop in legacy SaaS names like ServiceNow.
Saastr · +1 outlets
Judge allows NAACP lawsuit over xAI data center pollution to move forward
The NAACP accuses the SpaceX-owned AI company of violating the Clean Air Act at its data center.
TechCrunch · +14 outlets
Data centers become a midterm election issue, even in Brooklyn
Voter concern over AI and data centers is surfacing in local races ahead of Election Day.
TechCrunch · +1 outlets
Cyera in talks for new funding at $20B valuation
The cyber startup's reported valuation jump reflects continued investor appetite for AI-driven security.
CTech · +6 outlets
AI law firm Crosby bids on disintegrating law firm Weil Gotshal
An AI-native firm entering the bidding for a famed Wall Street law firm marks a notable shift in legal services.
TechCrunch · +1 outlets
Mercor faces claims of a 4TB data leak
The reported breach has raised concerns across the AI industry about data handling at AI talent and data firms.
TechJuice · +9 outlets
Harvey acquires Glean co-founder's latest startup in legal AI buying spree
The deal adds to a wave of consolidation among legal AI providers.
Benzinga
Ramp reaches $60B valuation after $1.85B round
The fintech's latest valuation cements its place among the most valuable private startups.
AI Funding Tracker · +1 outlets