OpenAI Files for IPO, Eyes $1 Trillion Valuation
OpenAI filed a confidential S-1 with the SEC on June 8, targeting a public debut above $1 trillion as early as September 2026, following Anthropic by one week.
Articles Tagged "Funding"
Canada Launches $2.3B National AI Strategy
PM Mark Carney's AI for All commits $2.3 billion to hit 250,000 new jobs and 60% business adoption by 2034 - but critics call it a wish list without hard delivery mechanisms.
DeepSeek Nears $7.4B Close With Tencent and CATL
DeepSeek's maiden external funding round is nearing completion at up to $59B valuation, with Tencent and EV battery giant CATL as the biggest outside investors.
Anthropic Files for IPO, Eyes $1 Trillion Debut
Anthropic confidentially filed its S-1 with the SEC on June 1, targeting an October 2026 IPO at a near-$1 trillion valuation after a 5x revenue surge in six months.
XCENA Raises $135M Betting Memory Is AI's Real Bottleneck
XCENA raises $135M at a $570M valuation to build the MX1 - a CXL 3.2 chip with thousands of RISC-V cores that processes AI workloads where data lives, eliminating costly data transfers between GPU and RAM.
Groq Raises $650M to Pivot From Chip Maker to Cloud
After licensing its chip technology to Nvidia for $20 billion, Groq is raising $650M from existing investors to rebuild itself as an AI inference cloud provider.
Anthropic Closes $65B Series H at $965B Valuation
Anthropic's $65 billion Series H closes at a $965 billion post-money valuation, pushing it past OpenAI as the most valuable private AI company - driven by $47B in run-rate revenue and a clear IPO runway.
Visa Bets on Replit to Win Agentic Payments Race
Visa invests in Replit and integrates its Trusted Agent Protocol into the coding platform, placing payment identity infrastructure directly inside the tools developers use to build AI agents.
Cognition Raises $1B at $25B as Devin Hits $492M ARR
Cognition's $1B funding round at a $25B pre-money valuation puts Devin's $492M ARR and model-agnostic architecture under scrutiny as every major AI lab ships its own coding agent.
AI Startups Are Gaming Revenue and VCs Look Away
AI founders are reporting contracted ARR as actual revenue, inflating public figures by 3-5x - and their investors know it.
Brett Adcock's Hark Raises $700M for AI Interface
Brett Adcock's AI lab Hark has closed a $700M Series A at a $6B valuation before shipping a single product, with chip companies AMD, Intel, Qualcomm, and NVIDIA all backing the bet.
Anthropic Nears First Profit as Q2 Revenue Hits $10.9B
Anthropic projects $10.9B in Q2 revenue and its first-ever $559M operating profit, two years ahead of its own 2028 guidance - but the xAI compute bill arrives in full next quarter.
