AI business and funding news
Stories 121 to 180 of 666, from 18 October 2026 to 22 October 2026, newest first. The latest are on the first page →
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GE Vernova falls 11% as Meta's AI spending outlook raises financing concerns
GE Vernova (NYSE:GEV) shares dropped 11% to $826.01 after Meta Platforms (NASDAQ:META) announced a larger AI spending outlook, prompting worries about how the expanded investment will be financed. Meta beat revenue…
1 sourcefinance.yahoo.com -
Tesla and SpaceX form committees to explore $3.5T merger around AI
Tesla and SpaceX have each formed special committees of independent directors to explore a potential merger, Elon Musk disclosed on SpaceX's third-quarter earnings call on October 20. The combination would unite…
6 sourcesThe Verge AICNBC Technologyvectorwire.aiBBC Technology -
Amazon rebrands Kindle Unlimited as Kindle+ and adds AI-narrated audiobooks
Amazon has renamed its Kindle Unlimited subscription to Kindle+ and kept the $12‑a‑month price. The service still offers unlimited reading from an eligible Kindle catalog, but it now expands the audiobook section with…
1 sourcezdnet.com -
Former OpenAI product chief Kevin Weil launches AI science startup Warp Sciences with $215 million
Former OpenAI Chief Product Officer Kevin Weil has launched Warp Sciences, an AI-for-science startup that has emerged from stealth with $215 million in funding. The company, led by Weil as CEO, focuses on building…
3 sourcesUnite.AIbloomberg.comcryptobriefing.com -
Formic raises $50 million, including $40 million Series B and $10 million financing
Formic, a Chicago‑based provider of robots‑as‑a‑service automation for manufacturers, announced a $50 million financing package. The deal consists of a $40 million Series B round and an additional $10 million in…
1 sourceaxios.com -
Microsoft, Meta, and IBM swap "AI" for "SI" in earnings
Microsoft, Meta, and IBM replaced the term "artificial intelligence" with "super intelligence" in their October 2026 earnings releases. This simultaneous change in terminology across three of the largest technology…
1 source247wallst.com -
Modal raises $750 million Series D at $16B valuation, reports $1B ARR
Modal announced a $750 million Series D financing that values the company at $16 billion, bringing its annualized run rate above $1 billion. The round follows a $5 billion Series C and reflects rapid growth, with the…
1 sourceLatent Space -
Meta posts first negative free cash flow in over a decade as AI spending rises
Meta Platforms Inc. reported third‑quarter results that beat estimates, but AI‑related capital spending drove free cash flow negative for the first time since the first half of 2012. Capital expenditures, including…
6 sourcesfinance.yahoo.comnote.comcryptobriefing.com247wallst.com -
Anthropic reports $80.7 billion loss in first half of 2026 amid rising infrastructure costs and upcoming IPO
Anthropic reported a net loss of $80.7 billion in the first half of 2026, according to draft prospectus documents reviewed by Reuters and The Wall Street Journal. The loss was primarily driven by accounting…
4 sourcesfool.comamericanbazaaronline.comfinance.yahoo.comnotebookcheck.net -
OpenAI expands ChatGPT ads to 26 countries, reaching 83 total and 100K advertisers
OpenAI announced that its ChatGPT ads platform is now available in 26 additional countries, taking the total coverage to 83 nations. The company says the advertiser base has grown to over 100,000, up from about 20,000…
5 sourcesSearch Engine JournalUnite.AItheinformation.comnote.com +1 more -
Tractian raises $130 million Series D at $1.4 billion valuation
Tractian, a seven‑year‑old startup based in Atlanta, Georgia, announced a $130 million Series D financing round. The round was led by venture firm Sapphire Ventures, bringing the company’s post‑money valuation to $1.4…
1 sourcetheinformation.com -
Goldman Sachs launches Small Business AI Institute with $500 million expansion
Goldman Sachs announced Thursday that it is creating a Small Business AI Institute as part of a $500 million expansion of its 10,000 Small Businesses program. The institute will partner with Google, Anthropic, OpenAI…
1 sourcenbcnews.com -
Gartner survey finds 13% of companies see real AI returns
A Gartner survey of 2,002 CIOs and technology leaders presented at the Gartner IT Symposium in Orlando reports that only 13 percent of companies claim major or transformative returns from AI. The same poll shows 58…
1 sourceThe Decoder -
Meta plans $130 billion to $145 billion in 2026 capital expenditure, with over $100 billion for AI infrastructure
Meta has set its 2026 capital expenditure guidance between $130 billion and $145 billion, up from $72 billion in 2025, with over $100 billion earmarked for AI infrastructure including data centers, custom silicon…
9 sourcesfinance.yahoo.comcryptobriefing.comcnbctv18.comnypost.com +1 more -
Opply raises $7.5M to deploy agentic AI in consumer goods operations
Opply, a startup founded in 2021 by Helen Murphy and Martin Postel, has raised $7.5 million to expand its agentic AI platform for consumer packaged goods (CPG) businesses. The round was led by Chalfen Ventures with…
1 sourceUnite.AI -
Eric Schmidt says Anthropic growing more than twice as fast as Google did
Former Google chief Eric Schmidt told Norway's sovereign wealth fund head Nicolai Tangen on the In Good Company podcast that artificial intelligence "is not a bubble," pointing to Anthropic's rapid revenue growth. He…
2 sourcesvectorwire.aifinance.yahoo.com -
Slingshot Insurance raises $27M seed to launch AI‑powered embedded insurance
Slingshot Insurance, an AI‑native startup that helps businesses embed insurance into purchases, announced a $27 million seed round. The financing was co‑led by Rally Ventures and Skyward Group, with insurance veteran…
1 sourcenews.crunchbase.com -
DeepSeek raises about 100 billion yuan in funding round
DeepSeek, a Chinese artificial‑intelligence pioneer, has secured roughly 100 billion yuan, which Bloomberg reported via Techmeme as about $15 billion, in its latest fundraising round. The article says the amount makes…
2 sources HN 8TechCrunch AIbloomberg.com -
Barclays to cut 5,000 jobs as AI drives cost savings
Barclays is cutting 5,000 jobs, or about 5% of its 93,000 global workforce, as part of cost-cutting plans driven by AI productivity gains. Executives say 1,000 jobs have already been cut since the start of the year,…
3 sourcesbbc.combloomberg.comThe Guardian AI -
Meta's five‑year cds spread rises to 111.57 bps
Meta's five‑year credit‑default swap (CDS) spread climbed to 111.57 basis points on Tuesday, up from 68.23 on April 20, according to Dow Jones Market Data. The increase signals that investors are demanding higher…
1 sourcefinance.yahoo.com -
PPG's specialized gray coatings boost sales amid AI boom
Tech companies are increasingly painting data‑center structures with specialized gray coatings applied over gray concrete and steel. The coatings are designed to resist fire, rust and static electricity, meeting…
1 sourcenytimes.com -
Chen Guangyu reportedly joins Jeff Dean's Discovery Loop
Seventeen‑year‑old AI researcher Chen Guangyu announced on X on October 15 that he was leaving Moonshot AI, thanking colleagues and noting a move to the Bay Area. He did not name a new employer, but multiple reports –…
1 sourcevectorwire.ai -
Meta researcher Ethem Coban leaves to start legal‑ai startup, seeks $6 million
Ethem Coban, who spent almost two years at Meta’s Superintelligence Labs training language models to answer legal questions, left the company earlier this month to launch a legal‑tech startup, a source familiar with…
1 sourcebusinessinsider.com -
VCs race to fund Emulate, pushing its valuation into the billions
Venture capitalists are scrambling to back AI startup Emulate, with investors willing to join the same financing round even as valuations climb rapidly. The heightened competition is said to be upending the traditional…
1 sourcebloomberg.com -
Nebius Group expands Nvidia AI collaboration and launches live spot GPU pricing
Nebius Group (NasdaqGS:NBIS) announced an expanded AI collaboration with Nvidia, using the OpenShell Reference Architecture for secure AI agent deployment. It also rolled out public live spot GPU pricing, giving…
1 sourcefinance.yahoo.com -
Google, Temasek, and Bain project Southeast Asia digital economy to reach $368B in 2026
Southeast Asia's digital economy is projected to expand 17% year-on-year to hit $368 billion in Gross Merchandise Value in 2026, according to the annual e-Conomy SEA report published jointly by Google, Temasek, and…
3 sources primary sourceCNBC Technologybloomberg.comGoogle AI Blog -
Watchtower Labs raises $35M seed to build AI-driven logistics simulation for US defense
Watchtower Labs, incubated by Shield Capital, announced its emergence from stealth with a $35 million seed round co‑led by Shield and Conviction, and joined by In‑Q‑Tel and Founders Fund. CEO Akhil Iyer, a former…
2 sourcesgeekwire.comupstartsmedia.com -
AuxoAI raises $20.7 million in Series A funding led by NTTVC
AuxoAI announced a $20.7 million Series A funding round led by NTTVC to expand its enterprise AI engineering and consulting business. The round included participation from executives such as Amit Zavery of ServiceNow,…
1 sourcesiliconangle.com -
Nvidia in talks to invest hundreds of millions in Australian AI cloud firm Firmus
Nvidia is in talks to put hundreds of millions of dollars into Firmus, an Australian AI cloud provider that already runs a large fleet of Nvidia chips. If the deal closes, Nvidia would become both a supplier and a…
6 sourcesTechCrunch AIaol.comtheinformation.comfinance.yahoo.com +1 more -
Blacksmith raises $66M Series C at $1B valuation
Blacksmith, a startup providing infrastructure for automated code testing, has secured a $66 million Series C funding round led by Sequoia Capital. This investment values the company at $1 billion, doubling its…
2 sourcesTechCrunch AIfortune.com -
Flapping Airplanes raises $1B at $6B valuation
Flapping Airplanes, a one‑year‑old artificial‑intelligence startup, announced a $1 billion funding round that values the company at $6 billion. The startup focuses on techniques to train AI models using less data and…
1 sourcebloomberg.com -
Just Eat apologises after ai-generated food images cause online ridicule
Just Eat apologized after AI-generated pictures for restaurant menus went viral for being absurd. The platform had been testing AI to create images for dishes lacking photos, but the system produced bizarre results…
1 sourceBBC Technology -
Anthropic targets November IPO at $1.5 trillion to $2 trillion valuation; OpenAI races $30 billion round
Anthropic filed a confidential draft registration with the SEC on June 1, 2026, targeting a November 2026 listing with valuation estimates ranging from $1.5 trillion to $2 trillion. The company reported third-quarter…
53 sources HN 7TechCrunch AIwsj.comnote.comcryptobriefing.com +18 more -
Alphabet loses $860B in value as AI spending outpaces Apple
Alphabet has lost approximately $860 billion in market value since its peak, a sum nearly equal to Walmart's entire valuation of $937.1 billion. In contrast, Apple remains near all-time highs, valued at $4.95 trillion,…
1 source247wallst.com -
The $15 billion ad-powered AI startup your doctor may already be using
OpenEvidence, a Miami‑based AI‑powered medical search startup founded by Daniel Nadler in 2022, says nearly two‑thirds of U.S. doctors are using its chatbot. The company reports that many of America’s 1 million…
3 sourcesArs Technica AIMarTechft.com -
Musk says SpaceX may end AI crash as chip stocks rally
Elon Musk’s comments on SpaceX’s rapid expansion of AI computing capacity triggered a premarket surge in chip stocks, offering a potential counterpoint to the sector's recent decline. During SpaceX’s Q3 earnings call,…
8 sourcesinvezz.com247wallst.comfinance.yahoo.comfool.com -
Whop, which helps people start, run, and scale businesses and uses AI to suggest business decisions, raised $205M led by Sequoia Capital at a $5.1B valuation
Whop, a platform that helps people start, run, and scale businesses using AI‑driven decision suggestions, announced a $205 million financing round. The round was led by Sequoia Capital, valuing the company at $5.1…
1 sourcebloomberg.com -
Mach9 raises $34 million Series A to expand AI-powered CAD software
Mach9, founded by Alex Baikovitz, announced a $34 million Series A round led by First Round Capital and Bessemer Venture Partners, with participation from Prudence and Quiet Capital. The funding will be used to improve…
1 sourcetechcrunch.com -
Nvidia CEO Jensen Huang says frontier labs account for 25% to 33% of chip demand amid AI revenue debates
Nvidia CEO Jensen Huang stated that frontier AI labs like OpenAI and Anthropic represent only 25% to 33% of Nvidia's chip demand, with the rest split between general computing and emerging AI companies. He made these…
6 sourcescryptobriefing.comfool.com247wallst.comfinance.yahoo.com -
Legora raises $550M Series E at $8.8B post-money valuation
Legal‑tech startup Legora announced a $550 million Series E financing round, bringing its post‑money valuation to $8.8 billion. The round follows a $550 million Series D raised in March that lifted the company’s…
1 sourcecityam.com -
Qualcomm announces global performance-based layoffs as it pivots to AI data centers
Qualcomm told staff it will begin a worldwide performance‑focused reduction after its annual reviews, with notifications expected in November. CEO Cristiano Amon said the move targets employees who have consistently…
1 sourceTom's Hardware -
Protege launches independent healthcare AI benchmark tests
Protege announced a new service that runs independent, double‑blind evaluations of healthcare AI on patient records the models have never seen. Its first benchmark, called Disease Odyssey, showed that leading models…
1 sourceUnite.AI -
Industry execs expect only 7-10 of hundreds of neoclouds to survive as Nvidia backs them with $20B in leases
Industry executives surveyed by The Information expect only 7 to 10 of hundreds of neoclouds to survive in the long run, citing market saturation and financial strain. Nvidia is supporting these providers through…
4 sourcesCNBC TechnologyThe Decoder247wallst.comtheinformation.com -
Meta AI predicts PI Network price jump after Binance listing
Meta AI says Pi Network could see a large price move by Jan 1 2027. The prediction targets $5–$15, with a stretch target of $25+. Pi currently trades just over $0.08, up 3% in the past 24 hours, and is not yet listed…
1 sourcefinance.yahoo.com -
OpenAI invests in Coherence as part of $45 million seed round for brain‑implant cancer detection
OpenAI’s Startup Fund announced an investment in Coherence, a San Francisco startup developing brain‑computer‑interface implants that can read electrical signals linked to brain tumors. The funding is part of a $45…
1 sourceWired AI -
SpaceX reports Q3 revenue up 161% to $14.58B, AI revenue up 830%
SpaceX announced third‑quarter revenue of $14.58 billion, a 161% year‑over‑year increase and above the $12.72 billion LSEG consensus estimate. The company posted operating income of $2.8 billion and net income of $4.4…
3 sources HN 6CNBC TechnologyTechCrunch AIcnbc.com -
SoftBank Group’s credit risk hits four‑year high as AI spending drives debt
SoftBank Group’s five‑year credit default swap spreads have risen to roughly 380‑400+ basis points, about a 24% jump since June 2026, and at one point topped 400 bps. Insuring the debt now costs about 4% of the…
2 sourcesnote.comcryptobriefing.com -
Pigment raises $250 million at $2.3 billion valuation
Pigment, a French AI startup that builds software for finance forecasting and slide‑deck generation, announced a new funding round. The company said it raised $250 million, bringing its post‑money valuation to $2.3…
2 sourcesUnite.AIbloomberg.com -
Anthropic reports $16.8 billion revenue for July‑September quarter
Anthropic told investors at a pre‑IPO meeting in San Francisco on Oct. 14 that its July‑September 2026 revenue was $16.8 billion, a 45% rise from the $11.6 billion recorded in the April‑June quarter. The company said…
3 sourcesfinance.yahoo.comnote.com -
Infrastructure startup Fireworks AI is in early talks for new funding at a valuation between $30 billion and $40 billion
The talks are still early and the valuation target could still change, and the company declined to comment. Founded in 2022 by veterans of Meta and Google’s AI teams, the startup rents computing infrastructure and…
1 sourcebusinessinsider.com -
Commodity brokers prepare AI compute futures tied to Nvidia GPU rentals
Commodity brokers including ADM Investor Services, BGC Group and Nanhua USA LLC are gearing up to offer cash‑settled futures that track the hourly rental price of Nvidia GPUs, primarily the H100 and B200 models. Each…
1 sourcecryptobriefing.com -
Tenstorrent raises $1.5 billion Series E at $6.2 billion valuation
Tenstorrent closed a $1.5 billion Series E funding round at a $6.2 billion post-money valuation, according to announcements on October 19 and 20, 2026. Trace Capital and Innovation X led the round, with participation…
4 sourcesfinance.yahoo.comUnite.AITechCrunch AIbloomberg.com -
Google Japan launches the Google AI Challenge contest with prizes for app ideas
Google Japan announced the "Google AI Challenge" contest, running from October 19 to November 30, 2026. The competition invites individuals and groups who regularly use Google AI tools – such as Gemini, Gemini Canvas,…
1 sourcenote.com -
Motley Fool scores Meta ahead of Alphabet on AGI readiness
Motley Fool’s AIball scoring system compares Alphabet and Meta Platforms on how well each is positioned for the rise of artificial general intelligence (AGI). The analysis notes that Meta’s ad revenue is largely…
1 sourcefool.com -
Anthropic in talks for second $45 billion AI cloud deal with Nscale, Bloomberg reports
Anthropic is negotiating a second major computing agreement with Nvidia-backed data center developer Nscale that could be worth about $45 billion, according to Bloomberg News. The deal would cover a second building at…
15 sources HN 6CNBC Technologyfinance.yahoo.comwersm.comnote.com +9 more -
Meta to report Q3 earnings amid AI spending scrutiny
Meta Platforms is scheduled to report its third-quarter earnings on October 21 after the market close, with investors focused on whether its AI spending can be justified by future revenue growth. The company expects…
5 sourcesinvezz.comblockonomi.comfinance.yahoo.com -
Morgan Stanley raises Amazon price target to $350 on AI cloud outlook
Morgan Stanley analysts have raised their price target for Amazon to $350 from $335, adding the stock to their top picks list. This move comes after Amazon shares dropped more than 7% from their August record high of…
1 sourceCNBC Technology -
Meta appoints Dina Powell McCormick as president and vice chairman of external affairs
Meta Platforms announced on January 12, 2026 that Dina Powell McCormick will serve as President and Vice Chairman of external affairs, reporting directly to CEO Mark Zuckerberg. The role is described as guiding Meta’s…
1 sourcecryptobriefing.com -
Google DeepMind, Singapore unveil fraud detection AI; NVIDIA invests in four startups
Google DeepMind announced a partnership with Singapore’s GovTech to build an on‑device AI that flags social‑engineering scams in real time. The system runs entirely on the user’s device, using a fine‑tuned version of…
1 sourcenote.com -
Elon Musk and Anthropic pledge to share company shares with the public
Elon Musk pledged to give one SpaceX share to every kid in America, which would be worth about $10.8 billion based on 72 million children under 18 in the U.S. and a share value of about $150. Anthropic officials said…
12 sourcesanalyticsinsight.nettechnologymagazine.comlatimes.comthedailystar.net +7 more
