xAI cofounder Igor Babuschkin is seeking up to $1 billion for his new AI startup River AI at a $5 billion valuation, with General Catalyst in talks to lead the round and Babuschkin personally committing $100 million to the venture.
AI chipmaker Cerebras Systems explodes 68% on its Nasdaq debut, closing at $311.07 after raising $5.55 billion in the largest U.S. tech IPO since Uber's 2019 listing, pushing its market cap to roughly $95 billion as it aggressively challenges Nvidia with new deals from AWS and OpenAI.
AI chipmaker Cerebras explodes 90% on its Nasdaq trading debut, opening at $350 after pricing at $185, claiming the biggest IPO of the year with a $75 billion valuation amid overwhelming investor demand exceeding 20 times available shares as it challenges Nvidia's dominance.
Anthropic launches Claude for Small Business, offering 15 ready-to-run AI workflows across finance, HR, sales, and operations, with integrations for QuickBooks, HubSpot, and Microsoft 365, aiming to close the AI adoption gap for small businesses that drive 44% of US GDP.
Mistral AI is in talks with European banks to deploy a cybersecurity-focused AI model as an alternative to Anthropic's Mythos, amid growing concerns that AI-powered tools are exposing financial institutions to unprecedented security vulnerabilities.
AI-powered fraud now accounts for 40% of data breaches, driving global losses past $534 billion annually, as tools like FraudGPT fuel synthetic identities and deepfakes — forcing companies like OpenAI and TransUnion into an urgent AI-versus-AI arms race to fight back.
Sam Altman takes the stand against Elon Musk's lawsuit, defending OpenAI's for-profit shift while revealing a shocking 2017 demand where Musk suggested control of the company pass to his children upon his death.
Anthropic is in early talks to raise at least $30 billion in fresh financing, potentially valuing the AI company behind Claude at over $900 billion in what could be its largest funding round yet.
DeepSeek's valuation more than doubles to $45 billion as the Chinese AI lab enters talks for its first-ever VC round, led by a Chinese state fund with Tencent and Alibaba also in discussions, signaling China's aggressive push to build homegrown AI rivaling the U.S.
SoftBank's Masayoshi Son is in talks with French President Emmanuel Macron over a multibillion-dollar AI data center investment in France, with Son reportedly floating a figure as high as $100 billion as part of a sweeping global push to build out artificial intelligence infrastructure.