#Funding/M&A

AIBridgewater partnered with Thinking Machines on Tinker to fine-tune a model that helps its analysts focus on what matters most. The post frames the work as experts improving AI that empowers experts, with a linked article on replicating expert judgment in financial tasks.

AITri Dao says Etched designed and produced its chips within two years by hardcoding attention into silicon and reaching high MFU. He expects hardware built for LLM inference to cut the cost of intelligence by 10x. The quoted Etched post says it has built its first racks after an A0 tapeout, raised $800m, holds $1B+ in customer contracts, and plans to ship the racks this summer.

AIXiaomi MiMo's account celebrated growing developer adoption of its open-weights models, crediting Cline for building on MiMo. Cline's linked post announced a $9.99/month subscription offering 2-5x discounted access to GLM-5.2 and other open-weight models including DeepSeek, Kimi, MiniMax, MiMo, and Qwen, with a $1.99 promo for sign-ups via npm i -g cline.

AIFidji Simo praised Intercept, a $500 million philanthropic initiative to eliminate respiratory infections like colds and flu. The accompanying blog post cites links such as 9.8x asthma risk by age 6 after rhinovirus infection in early childhood and 6.1x heart attack risk for seven days after influenza. Intercept will fund broad-spectrum preventatives and air-cleaning technologies.

AIGoogle Labs announced that Project Genie has won the Cannes Lions Grand Prix for AI Craft. The honor recognizes how Genie achieves creative outcomes that go beyond conventional limits, according to a quoted post from a team member.

AIOpenAI has welcomed Noam Shazeer as its new lead for architecture research, citing his work on transformers, MoE, and efficient decoding. Shazeer announced he is leaving Google to join OpenAI.

AIMckay Wrigley congratulated the Cursor team on more than three years of work and said he is excited to see what they build with compute from SpaceX and xAI. He noted he still keeps the original open-source Cursor repo on his laptop. Background posts from him describe Cursor as his full-time IDE, citing codebase search as a major productivity gain.

AIYi Tay says he moved from an individual contributor role into management, with Qx Dong bringing him into the role a few months ago. He describes watching researchers join the team, building its culture, and stepping onto the frontline, and calls the concentration of talent in Singapore unprecedented.

AISpaceX has exercised its option to acquire Cursor in an all-stock transaction, aiming to build highly useful AI models. The quoted announcement says SpaceXAI has spent several months jointly training a model with Cursor, to be released soon in Cursor and Grok Build.

AISpaceX has exercised its option to acquire Cursor in an all-stock transaction, with the stated goal of building the world's most useful AI models. Over the past few months, SpaceXAI has been jointly training a model with Cursor, which will be released in Cursor and Grok Build soon.

AISoumith Chintala congratulated Reardon and the team behind Flourish AI, saying that matching human-level sample efficiency and energy consumption in AI would change many things. The post links to a Wired story on Jeff Bezos funding a search for the brain's core algorithm.

AICognition introduced the AI Productivity Guarantee, under which it will issue credits up to $10M if Devin delivers less engineering value than enterprise customers pay for. The company uses an AI estimator to measure hours of productive output, validated against engineers' own estimates of how long the same work would have taken by hand. Value is converted to dollars at a standard global rate and compared against each customer's consumption near the end of the annual contract.

Why it matters: The post explains how Cognition estimates Devin's output in hours and backs the estimate with a $10M credit commitment, a concrete model for measuring AI vendor value.

AICognition raised over $1B at a $26B valuation, led by Lux Capital, General Catalyst, and 8VC. Enterprise Devin usage grew more than 10x since the start of this year, and run-rate revenue reached $492M. The company also said it launched SWE-1.6, which reaches up to 950 tok/s and has become the most used model in Devin Desktop.

AIThinking Machines is offering grants of $100,000 plus Tinker credits to researchers advancing human-AI interactivity, with proposals due June 19th. Mira Murati's post frames collaborative AI as real-time interaction between machines and people across every modality, and invites a community to help solve it.

AIThinking Machines is offering grants of $100,000 plus Tinker credits to researchers advancing human-AI interactivity, with proposals due June 19. Lilian Weng's post urges more collaboration and research in this field.

AIOpenAI's Fidji Simo praised CellularIntel as a strong example of AI applied to biology and said she is proud to advise the team. The post cites the company's progress from an early idea, and the referenced post reports CellularIntel acquiring the STEM-PD Phase 2-ready allogeneic cell therapy program for Parkinson's from Novo Nordisk, which will also invest in CI.

AIRAGFlow, an open-source RAG engine, has reached 80K GitHub stars, according to PaddlePaddle's congratulatory post. PaddlePaddle said it is a PaddleOCR OCEAN Alliance member collaborating with the RAGFlow team through deep PaddleOCR integration and document AI work.

AIAnthropic announced a partnership with SpaceX that will give it more compute, according to the post. The related Claude post says Claude Code's 5-hour rate limits are doubled for Pro, Max, and Team plans, peak-hour reductions are removed for Pro and Max, and Opus API rate limits are substantially raised.

AICognition has opened its Asia-Pacific headquarters in Singapore to expand its autonomous software engineering platform, Devin, across the region. The company says OCBC saw up to 30% improvement in code and test case generation, and its system integration test first-pass rate rose from below 50% to over 80% after deployment. Cognition is building its Singapore team across engineering, go-to-market, and partnerships, with Richard Spence leading APAC.

AIMercedes-Benz is deploying Cognition's Devin and Windsurf across its global engineering teams, from the United States to Europe and Asia. In a four-week pilot, Devin analyzed over 200,000 lines of COBOL code and cut modernization time from an estimated eight months to eight days. The company is now rolling out the full suite, with Windsurf for development, Devin as an autonomous cloud agent, and Devin for Terminal for the most complex tasks.

AICursor's Michael Truell says the company is partnering with the SpaceX team to scale up Composer, calling it a meaningful step toward building the best place to code with AI. The quoted SpaceX post says Cursor gives SpaceX the right to acquire Cursor later this year for $60 billion, or pay $10 billion for the work together. It also cites SpaceX's Colossus training supercomputer, described as a million H100-equivalent system, as a source of training capacity.

AIThinking Machines has welcomed Luke Drago and @LRudL_, who co-founded Workshop Labs to build AI that keeps humans relevant. Mira Murati says they will continue that mission at Thinking Machines, which builds powerful AI systems that think alongside humans and extend human agency. She ties the hire to the company's broader work, including Tinker, research grants, and advancing the frontier.

AICognition is expanding into Japan, its first step into Asia, and has appointed Takumi Masai as Japan President and General Manager to lead a local team working with Japanese enterprises. DeNA has used Devin to more than double operational efficiency across multiple engineering functions, and Mizuho Securities has deployed it as one of the first large-scale financial institutions in Japan.

AIOpenAI announced applications for its Safety Fellowship, a pilot program supporting external researchers, engineers, and practitioners in safety and alignment research on advanced AI systems. The program runs from September 14, 2026 through February 5, 2027, with a monthly stipend, compute support, API credits, and mentorship, and fellows are expected to produce a substantial output such as a paper, benchmark, or dataset. Applications close May 3, and successful applicants will be notified by July 25.

AIAman Sanger says Cursor's team evaluated many base models on perplexity-based evals and found Kimi k2.5 the strongest. Composer 2 was then built with continued pretraining and a 4x scale-up of high-compute RL, with Fireworks providing inference and RL samplers. The author admits Cursor should have named the Kimi base in its launch blog and says it will do so for the next model.

AIAman Sanger of Cursor says Composer 2 is a really good model and he is excited for more people to try it. The quoted reply from Lee Robinson says Composer 2 started from an open-source base, with only about one-quarter of the final model's compute coming from that base. Cursor plans full pretraining in the future and says it is following the license through its inference partner terms.

AILilian Weng says she is building technologies for better human-AI collaboration on next-generation hardware at scale. The post links to a Thinking Machines announcement of a partnership with Nvidia to power frontier model training and customizable AI platforms.

AIYi Tay announced that Ni Jinjie has joined Google DeepMind's Singapore branch as a research scientist. Nijinjie will work on Gemini scaling and reinforcement learning under Tay and Quoc Le.

AIMax Woolf reacts to Claude Code's run-rate revenue growing past $2.5 billion, more than doubling since the start of 2026. He asks whether the doubling of weekly active users since January 1 in roughly six weeks is inflated by holiday effects.

AIYi Tay announced that a new frontier lab in Singapore, described as the first in Asia, is building AGI and gathering top talent. He welcomed @zzlccc, who joined Google DeepMind to work on Gemini post-training under Tay's leadership.

AICognition is opening a London office to expand rollout of Devin, its autonomous software engineering agent, to leading European businesses. The company says finance has emerged as a clear use case, with Goldman Sachs, Santander, Citi, and BNY among partners using Devin for modernization, migration, security remediation, and codebase documentation.

AICognizant is deploying Cognition's Devin autonomous software engineer and Windsurf agentic IDE across its engineering organization and global client base. Engineers already use Windsurf for agent-assisted coding and are exploring Devin for end-to-end tasks such as code migration, refactoring, testing, and maintenance. Cognition will embed forward-deployed AI engineers to support project selection, engineer enablement, and ROI measurement.