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Top story Fal raises $1.3B Series F at $16B valuation as AI inference demand surges

The AI inference and generative media startup doubled its valuation in a round led by Bessemer with participation from Nvidia and T. Rowe Price.

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Meta acquires AI coding startup Conductor to expand agentic software development

The deal lets Meta deploy teams of coding agents and intensifies competition among large tech firms to own AI-assisted software development.

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Revolut valuation jumps 53% to $115B in secondary share sale ahead of US bank launch

Glade Brook, Coatue and T. Rowe Price led the sale, more than doubling the fintech's valuation in about two years.

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Sequoia consolidates into Bay Area firm, closing London office and cutting Europe team

The firm is undoing 20 years of global expansion and shutting down overseas programs while announcing roughly $10 billion in new funds.

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Salesforce acquires conversational AI startup Cresta for $2.7 billion

The acquisition adds AI-powered contact center and customer service agents to Salesforce's portfolio.

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Tenspresso, a three-month-old chip startup, in talks for $500M valuation

The reported talks underscore continued investor appetite for early-stage chip companies amid the AI hardware boom.

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Canva lays off over 1,200 staff, 22% of workforce, amid slowing growth

The design software company called it its hardest year yet as it cuts a fifth of its staff.

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Traversal raises $120M Series B at $1B valuation for AI site reliability engineering

The autonomous SRE startup uses AI to find the root cause of production outages for enterprises.

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Northwood Space raises $375M at $2B valuation for satellite ground stations

The ground station startup founded by a former Disney star raised from a16z and DFJ Growth to expand satellite infrastructure.

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UK chip startup Fractile raises about $700M at $6.5B valuation

The raise signals heavy investor interest in novel chip architectures targeting AI workloads.

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Anthropic quarterly revenue hits $17B as dollar growth slows for first time

Anthropic's amended S-1 shows Q3 revenue of $16.96 billion and a shrinking quarterly dollar add as heavy AI spending peaks.

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India's EloElo raises $80M led by NBCUniversal to bet on microdrama market

More than 118 million users watch microdramas monthly in India, and EloElo's Story TV is among the top apps in the format.

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AI PACs spent millions on the 2026 midterms with mixed results

Political groups funded by the AI industry are already turning their attention to the next election cycle.

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Google faces backlash over plan to disable Search for schools that restrict AI

Politicians including NYC mayor Zohran Mamdani and former FTC chair Lina Khan accused Google of acting as an unregulated monopoly.

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Tech funding in India hits 12-month low of $592M in October as late-stage plunges 72%

The data shows a sharp pullback in late-stage Indian startup funding.

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