Fundraising

AIJim Cramer says the start of earnings season next week will give investors a clearer picture of corporate performance and the strength of the AI trade. Goldman Sachs, Wells Fargo, JPMorgan Chase and Citigroup report Tuesday, with Johnson & Johnson the same day, and Taiwan Semiconductor Manufacturing reports Thursday.

AIUpscale AI says its SkyHammer scale-up switch ASIC will deliver an aggregate bandwidth of 115.2 Tb/sec and support up to 576 accelerators in a single networking tier. The company is partnering with Nvidia on NVLink Fusion while also developing an alternative to Nvidia's NVSwitch for AI clusters. The article notes that Upscale AI has raised $500 million in total funding and has a $2 billion valuation.

AITypeSafe AI raised $870 million at a $7.5 billion valuation, led by Andreessen Horowitz with participation from Sequoia and DCVC. The company says Jev, released September 15, is used by a third of Fortune 500 companies, and it is a transformer model that outputs probabilities rather than text. TypeSafe claims Jev runs faster and uses far fewer tokens than LLMs, positioning it for automation tasks.

AITypesafe AI raised $870 million in a Series A round at a $7.5 billion valuation, led by Andreessen Horowitz with participation from Sequoia Capital and existing investor DCVC. Martin Casado joins the board. The company says it will add more machine-native models and enterprise features and that a third of the Fortune 500 use its product.

AIStepFun's Step 5 Preview, a 600B-total, 27B-active MoE model with 1M context and vision, is free to try on Nous Portal for one week. Nous Research says it scored 33.89 on the Hermes Index, the same score as GPT-6 Luna.

AITypeSafe Inc., creator of the Jev AI model, says it raised $870 million at a $7.5 billion valuation, led by Andreessen Horowitz with Sequoia Capital and DCVC participating. Jev outputs structured results, such as yes/no answers, list selections or scores, instead of natural language text, and the company says it runs requests in under 700 milliseconds, up to 200 times faster than some frontier LLMs. TypeSafe plans to use the funds to expand its planned System One model series and roll out unspecified enterprise features.

AISeismora Inc. is developing a control plane that routes AI workloads across devices, edge infrastructure and cloud providers, according to founder and CEO Vito Palermo. The company calls its approach "cognitive routing," choosing where work runs based on capability, cost, latency and policy constraints. Its intended customers are developers building agentic applications, not end consumers.

AIOpenAI's annualized revenue is expected to reach or exceed $70 billion by the end of the year, according to Bloomberg's Ed Ludlow. Oracle is keeping several data centers on schedule by using truck deliveries of natural gas. The episode also covers the mega AI IPO pipeline and the future of physical AI, in a conversation with Kleiner Perkins partner Ilya Fushman.

AIWired reports that HarperCollins, Simon & Schuster, and Hachette have quietly used tools such as Claude and ChatGPT for agent emails, publicity copy, cover art, and marketing without public disclosure or author consent. Interviews with more than two dozen anonymous workers describe internal AI Champions programs, layoffs that tripled workloads, and an employee letter opposing the Skan AI software trial at Simon & Schuster. Companies gave varied responses, and HarperCollins did not respond to requests for comment.

AIEric Zakariasson, a threat hunter and threat intelligence lead, says he hunts agentic security threats using X data. A quoted post from @pjvann says a Grok bot can use X intelligence, a free OpenCTI server, and a Wazuh server to track such threats in real time, connected through an X MCP.

AIKleiner Perkins partner Ilya Fushman says AI is still early in reshaping the economy, with opportunities spanning frontier models such as Anthropic's, consumer agents, autonomous vehicles and robotics. He argues physical AI could produce the next trillion-dollar companies and says he is increasingly optimistic about the IPO and M&A markets. He spoke with Ed Ludlow on "Bloomberg Tech."

AIAnthropic and OpenAI, two private AI companies, calculate a closely watched revenue figure differently, which complicates investors' comparisons of the two. The source does not give the specific methods or figures involved.

AIaccording to a post from Kilo. The model has 600B parameters, with 27B active per token, and supports a 1M-token context and vision.

AIOpenAI's annualized revenue rate stood at roughly $50 billion at the end of September, according to the Financial Times, after an earlier figure of nearly $70 billion, which Axios reports was calculated to compare more directly with Anthropic's. The gap reflects different accounting for partner sales, with Anthropic recording full customer payments and OpenAI counting only its own share for certain deals. OpenAI is negotiating at least $30 billion in new capital at a target pre-money valuation of $1.4 trillion, Bloomberg reports.

AIVerizon shares fell about 7% and T-Mobile fell 12% on Friday after SpaceX announced a deal to buy a nationwide spectrum portfolio from Grain Management to expand Starlink into mobile service. The portfolio covers up to 14 megahertz of paired spectrum in the 800 MHz band. AT&T fell about 10%, while SpaceX stock rose about 1%.

AIRohit Prasad, a longtime Amazon AI executive who helped build Alexa, will lead Boston Dynamics as the robotics company prepares to manufacture humanoid robots at scale. The source does not give further details on the appointment or production timeline.

AIDanu Robotics, an Edinburgh startup founded by Amy Ma, is bringing its H.E.R.O. recycling-sorting robot to market, using a pincer claw instead of suction. The company has letters of interest from two large customers, $500,000 in signed contracts, and more than 200 prospective customers in its sales pipeline. Ma estimates a working site would earn $485,000 in added revenue against a $160,000 initial investment and $24,000 in annual maintenance fees.

AIThe Financial Times reported that OpenAI's annualized revenue run-rate was $20 billion below a widely cited $70 billion figure, a gap the newsletter attributes to confusion between gross and net revenue. OpenAI has said its figure is net, while Anthropic's includes partner sales such as those made through Amazon and Microsoft. Bloomberg reported that OpenAI expects to reach $70 billion annualized revenue by year end, assuming a net basis.

AIa16z says it is leading an investment in TypeSafe AI, whose Jev model hands decisions to code as typed values and reached 1 trillion tokens generated three days after launch. The company says Jev costs roughly 1/100 to 1/500 of frontier models and runs 100x faster on classification tasks at comparable accuracy. TypeSafe says 25% of the Fortune 500 have integrated Jev.

AITypeSafe AI says it told a16z it wanted to put intelligent software everywhere, and when asked about the compute required, it agreed to the scale. The company is announcing a large Series A round, which the quoted post says is backed by a16z.

AIFactory says it is acquiring Mentlio (YC S26), a startup building in-harness model routing, context compression, and AI usage measurement to optimize cost and quality. The founders, Ashank Shah and Ahmet Demirbas, will join Factory to bring this work into its autonomous software engineering platform for large enterprises.

AIJared Gross, head of institutional portfolio strategy at JPMorgan Asset Management, says the AI buildout is a boom, not a bubble. He discusses AI asset allocation in a Bloomberg interview as credit markets grow jittery over more mega debt deals financing the AI arms race.

AISabi has raised $50 million from Khosla Ventures, Accel, Initialized, Kevin Weil, and DST Global to build a wearable brain-computer interface. The company says its TSMC-fabricated chip reads brain signals without touching the scalp, with custom sensors collecting data and its own AI model decoding it into text. The device is a cap rather than an implant.

AIPixVerse says every attendee receives free credits to try its workflow. Those who complete the post-session survey may be randomly selected, with 100 winners per session, to win a month of ChatGPT Pro.

AIThe original article discusses AI agents such as Muse that can shop on a user's behalf and what that could mean for retail stocks. The supplied text contains only site navigation and footer material, so no specific product details, figures, or market impacts can be confirmed.

AISabi has raised $50M from Khosla Ventures, Accel, Initialized, Kevin Weil, and DST Global to build a wearable brain-computer interface cap. The cap carries 100,000 sensors and aims to let people talk to AI agents by thinking. The post's author says improved hardware could unlock new research and personal agentic applications.

AIArena's weekly update says Nano Banana 2.1 ranked in the top six across three Image Arena modes, with #4 in Multi-Image Edit at 1431 points. Mistral Large 4 placed #43 overall in Agent Arena, 11 spots above Mistral Medium 3.5, and Claude Haiku 5.5 (High) landed #30 in Code Arena WebDev at 1587 points, priced at $0.10/$0.50 per 1M input/output tokens. The post also introduces Arena's Alignment Index and announces a $200M Series B at a $3.1B valuation.

AIBlackstone's Digital Infrastructure Trust, a REIT listed on the NYSE in May, has fallen roughly 16% since its debut, with shares closing under $17 on Thursday. Blue Owl is reportedly considering a public REIT worth as much as $6.5 billion, while a national Gallup poll found 70% of Americans oppose a data center in their area. New York and Texas have imposed moratoriums on new approvals.

AITypeSafe AI, the startup behind Jev, a new AI model that went viral after launching a few weeks ago, has raised about $870 million at a $7.5 billion valuation. Andreessen Horowitz led the financing.

AIOpenAI expects to reach or exceed $70 billion in annualized revenue by the end of the year, driven largely by growth in its enterprise business. The figure was reported by Bloomberg's Ed Ludlow on "Bloomberg Open Interest."

AIThe Wall Street Journal's tech briefing reports that a new mobile telecom competition may be emerging. The source text is limited to that headline and a note that neocloud Firmus Grid has withdrawn its IPO, so no further details about the carriers or terms can be confirmed.

AITian Keyu, the Peking University PhD student known as the "ByteDance poisoning intern," has a 10-person world-model lab valued at $200 million after $30 million from Fivesource Capital and IDG, according to Leiphone. The lab plans to train a foundation model on about 100 million hours of video using a 200,000-symbol visual vocabulary, with a 2027 release targeted. Tian says the approach could cut the cost of generating one second of video by at least an order of magnitude.

AIOpenAI told investors its annualized revenue at the end of September was roughly $18 billion below previously reported figures, CNBC confirmed, and AI-linked stocks fell, with CoreWeave down nearly 8%, Oracle down almost 6%, and Nvidia down 3%. The Nasdaq Composite dropped more than 1%, its worst day since mid-August, as the company faces pressure to justify its valuation ahead of a potential IPO.

AIOpenAI and Anthropic are hiring former Trump administration officials for senior roles as AI companies work to strengthen ties with Washington. Anthropic has appointed at least two former Trump officials, including Chris Liddell to its board and Sihao Huang as head of frontier compute strategy, while OpenAI has hired at least three, including Thomas Lind to lead cyber and strategic risk on its national security policy team. The moves come as frontier AI is increasingly treated as a national security issue.