#Funding/M&A

AIThe CEO of AI assistant Instinct told investors he is looking to raise $1 billion in new funding. That could imply a $10 billion valuation, four times its valuation from last month.

AIKilo is hiring a Staff Software Engineer to lead performance work, context optimization, and architectural patterns for its extension. The company says the extension has passed 5 million downloads and processes over 10 trillion tokens a month. The post invites applicants who can ship a first pull request on day one.

AICognition has welcomed Jonathan Kelley and the Dioxus team, whose framework Cognition used extensively to build and improve Devin's performance. Cognition plans to continue supporting Dioxus, Blitz, Taffy, and Subsecond while increasing investment in Dioxus-Native and Blitz. The Dioxus team will also work on Devin's virtual machine, computer use skills, and testing capabilities.

AIBill Peebles, OpenAI's former head of Sora, is teaming up with Hollywood mogul Jeffrey Katzenberg and investor Sujay Jaswa to create a new startup. The company will develop AI models for Hollywood, according to a report from The Information.

AILegal AI company Harvey says it raised $550M at a $15.5B valuation, led by Diffusion and Lightspeed. It reports more than $400M in ARR and 3,000 customers, including 80% of the top 100 law firms, and plans to invest the funds in people, compute, and inference and model training.

AIGimlet Labs raised funds in three tranches priced at $2.5 billion, $3 billion, and a "significantly higher" valuation, despite $3 billion being the headline price. The post, citing The Information, presents the structure as evidence of an AI funding frenzy.

AIStarting today, Nashville riders can be matched with a fully autonomous Waymo vehicle through the Lyft app, in addition to hailing on the Waymo app. Lyft says availability will grow in the coming weeks.

AIFactory is now available on the Claude Marketplace, letting enterprise customers apply their committed Anthropic spend toward its autonomous software development platform. The platform automates the software development lifecycle, covering planning, implementation, testing, and security within one system, with enterprise deployment options that keep execution close to customers' code and infrastructure.

AIElad Gil reacted to Cognition's announcement that it raised over $2 billion at a $48 billion valuation, led by a16z, Accel, Founders Fund, General Catalyst, and Avenir. Cognition says its run-rate revenue has grown from $492 million in May to almost $900 million.

AIMark Chen says no human or agent reviewed user data for the Navier-Stokes effort. He adds that OpenAI and other LLM companies do use user feedback and de-identified data to improve ChatGPT and Codex.

AICognition has raised over $2B at a $48B valuation, led by Andreessen Horowitz and Accel. The company says run-rate revenue grew from $492M to almost $900M since its May round, and Devin now offers Auto-Triage, Security Swarm, and Automations.

AIMistral announced a €3 billion Series D round at a post-money valuation of more than €21 billion, led by Samsung Electronics with co-leads Scaleup Europe Fund and PSG Equity. The company says the funding will expand frontier research, compute capacity, infrastructure, and international growth, and that it now operates in 20 countries with 125+ enterprise customers including Airbus, ASML, and HSBC.

Why it matters: The round shows how a company frames sovereign, open-weight AI as a full stack spanning models, infrastructure, compute, and products, which is useful context for European enterprise AI strategy.

AIMistral has raised €3B to scale its training and inference compute and build future model generations. The company is also expanding its Science team across offices in Paris, Palo Alto, San Francisco, London, Zurich, and Warsaw, and is recruiting.

AIMistral AI announced it has raised €3 billion to scale its training and inference compute. The founder says the goal is to make open and sovereign AI the technology frontier, and links to Mistral's announcement on sovereign open-weight AI.

AIMistral AI announced a funding round led by Samsung and co-led by EQT's Scaleup Europe Fund and PSG, with continued backing from ASML, Nvidia, and BNP Paribas CIB. The company said the capital will support its infrastructure, product capabilities, and deployment at scale, and let it expand frontier research and model development.

AISuno announced a global strategic partnership with Believe and its self-release platform TuneCore to give independent artists new ways to create, distribute and earn from music. Tracks made with Suno's new industry partner model will become eligible for distribution through Believe and TuneCore, and the companies plan new product experiences that let artists collaborate with fans and get paid. Suno said its audio watermarking, fingerprinting and download limits will also apply to music distributed through Believe and TuneCore.

AINVIDIA CEO Jensen Huang says NVIDIA compute is fungible, durable and highly rentable, making it a productive, revenue-generating asset. Background from @OrnnExchange notes that H100 rental prices rose 22 percent month over month to $3.28 an hour, even though the chip is three years old.

AIGoogle DeepMind selected 16 organizations for its inaugural Accelerator: AI for the Planet (APAC) cohort to scale AI-powered environmental solutions. Participants span biodiversity monitoring, sustainable agriculture, and climate and carbon projects across countries including New Zealand, Singapore, Indonesia, India, and Japan. Over three months, they will receive access to Google's AI stack, including frontier models, plus mentorship from company experts.

AICoatue is in talks to form a joint venture with chip startup MatX to finance purchases of memory and logic dies as well as manufacturing capacity at chip makers. The JV is being discussed with funding in the billions of dollars.

AIAnthropic is hiring for billing, fraud detection, and other financial infrastructure to build in-house, according to job postings. The move raises questions about what it could mean for payments provider Stripe, and it helps explain Stripe's recent OpenRouter deal.

AIGeorgi Gerganov reports that Hugging Face has been acquired by NVIDIA and says the llama.cpp/ggml project will keep its founding principles. He states that NVIDIA engineers have contributed to the codebase for more than a year, and that all backends will continue to be developed through community participation and remain hardware-agnostic.

AIAwni Hannun posted a playful remark that a $47.9 million mistake came from not naming the company, adding a heart-hands emoji. The post gives no further detail on the company or the figure's origin, and the quoted @etnshow post links the 🤗 emoji to an NVIDIA–Hugging Face deal detail.

AIMira Murati's Thinking Machines is in talks to raise more than $1 billion at a valuation above $40 billion, below the $50 billion-plus price it was pursuing last fall. The startup is generating hundreds of millions of dollars in annual revenue, which the author calls an impressive multiple.

AINVIDIA announced it will acquire Hugging Face, and Sundar Pichai congratulated Jensen Huang and Clement Delangue on the deal. Pichai said Google was an earlier investor in Hugging Face and remains a partner, expecting the deal to strengthen the open model ecosystem.

Why it matters: Pichai's post confirms Google's prior investment and partnership with Hugging Face, adding context to the acquisition's effect on the open model ecosystem.

AIIdeogram said it hosted Canada's AI Minister, Evan Solomon, at its Toronto headquarters, with the company aiming to build a generative media foundation in Canada for enterprise customers worldwide. A related post described discussions on capital, compute, customers, talent, and trust as Canadian AI needs.

AIZhipu (Z.ai) reported first-half 2026 revenue of US$142 million, up nearly 400% year on year, driven mainly by its open platform and API business. As of end-August 2026, ARR reached US$1.6 billion, and gross margin for the platform and API business rose from negative 0.4% to 24.6%. The company also said its platform had over 7.4 million registered users and that GLM-5.3's gains came partly from a several-dozen-fold expansion in data environments.

AIHugging Face CEO Clement Delangue said the company intends to join forces with NVIDIA in a $12,930,300,000 acquisition. NVIDIA has committed to supporting Hugging Face's mission while keeping the platform open, independent and compute agnostic, and the founders and team are staying on.

AIAli Ghodsi congratulated Clement Delangue and Jensen Huang and said the deal will be good for the industry and open source. The author's own post is short, and the quoted NVIDIA message says NVIDIA is acquiring Hugging Face and will be its new home.

AINVIDIA CEO Jensen Huang announced on X that NVIDIA is acquiring Hugging Face. He says NVIDIA will be a home for Hugging Face, its community, and the future of open models.

AIMeituan's LongCat-2.0 is now available free in Command Code, the AI coding tool. The model has 1.6T parameters, 48B activated, and a 1M-token context window. It is available on all Command Code plans to all subscribers.

AIBaidu's latest AI Pulse highlights how its product portfolio, including DuMate, GenFlow, MeDo, and ERNIE Assistant, is built to take AI work from request to finished result. The post also notes that Baidu has become a dual-primary listed company and that its Apollo Go robotaxi service has expanded in Dubai and Hong Kong.

AITogether AI has signed one of the largest AI infrastructure deals for open source, a 250MW data center built with HUMAIN in Saudi Arabia. Tri Dao says many more GPUs are coming for open models.

AIHelical Fusion CTO Wei Xishuo told the NFEC2026 AI-for-fusion forum that the company uses an autoencoder to compress hundreds of stellarator shape parameters into three. The company says this lets it predict zonal flow residuals and turbulent transport from more than 15,000 global simulations and generate new configurations with up to 100x better confinement in simulation.