Releases

NVIDIA agreed to acquire Hugging Face while committing to preserve its open, multi-cloud and multi-accelerator model platform.

Moonshot AI told investors its annual recurring revenue surpassed $1 billion in August 2026, up from $300 million in June, after the July release of Kimi K3. It is targeting $2 billion by the end of 2026 (reported by Bloomberg on 11 September 2026).

Space Exploration Technologies Corp. (SpaceX), SpaceXAI's publicly traded parent, had a consolidated equity market capitalization of approximately $1.950 trillion at the Aug 31, 2026 close. SpaceXAI is not separately listed, so this is the public-market value used for the SpaceXAI company profile.

Oracle had a public equity market capitalization of approximately $429.5 billion as of Aug 31, 2026 (NYSE: ORCL), per StockAnalysis period-end data.

The Information reported that Hugging Face's annualized revenue had jumped about 50% in two months to more than $150 million, driven by paid compute, storage and subscriptions around its model hub, as Nvidia agreed to acquire the company. Hugging Face has not confirmed the figure.

NVIDIA reported Q2 fiscal 2027 revenue of $96.2 billion, up 106% year-over-year and 18% sequentially. Data Center revenue was $89.0 billion (+117% YoY). Net income was $59.7 billion (GAAP). Jensen Huang stated 'AI has reached its inflection point' and demand is accelerating. Q3 FY2027 guidance set at $108 billion.

NVIDIA was reported to be discussing an investment in Perplexity as part of a round that could value the company above $30 billion; no completed round was announced.

The Information reported that Perplexity's annualized revenue had risen to more than $750 million from less than $250 million at the start of 2026, driven in part by its Perplexity Computer agent, as Nvidia discussed investing at a $30 billion-plus valuation.

Baidu reported total revenues of RMB31.3 billion ($4.62 billion) for the second quarter of 2026.

Baidu reported AI Cloud Infrastructure revenue of RMB7.3B for Q2 2026, up 50% year over year.

Bloomberg reported that OpenAI's annualized revenue had topped $40 billion, roughly double its run rate at the end of 2025, with July revenue up more than 20% month over month on coding products, subscriptions and early ad sales.

SpaceX completed its acquisition of Anysphere for $60 billion, making Cursor a wholly owned subsidiary within the combined SpaceXAI group.

Databricks reportedly closed a $5 billion strategic financing round at a $190 billion valuation.

Lovable raised a $400 million Series C led by Menlo Ventures and co-led by EQT's Scaleup Europe Fund.

Rogo acquired AI-native due-diligence company Rivanna to extend Deal Room and Felix across large data rooms and live transactions.

CoreWeave reported second-quarter revenue of $2.575 billion, a $626 million net loss, and approximately $104 billion of revenue backlog.

CoreWeave closed a $2.6 billion delayed-draw term loan facility backed by a diversified set of customer contracts.

The Information reported that Harvey's annualized revenue had risen more than 80% since January, from $190 million to more than $350 million, as it held talks to raise $500 million at a $15.5 billion valuation.

SpaceX, SpaceXAI's publicly traded parent, reported revenue of $7.8 billion for the April-June 2026 quarter, up 92% year over year, in its first report since listing. This is consolidated SpaceX revenue, not AI-only revenue.

Palantir reported 93% year-over-year revenue growth and raised full-year guidance, highlighting continued AIP-led demand.

Space Exploration Technologies Corp. (SpaceX), SpaceXAI's publicly traded parent, had a consolidated equity market capitalization of approximately $1.430 trillion at the Jul 31, 2026 close. SpaceXAI is not separately listed, so this is the public-market value used for the SpaceXAI company profile.

Amazon reported $200.6 billion in quarterly net sales, $27.5 billion in operating income, and AWS quarterly sales of $42.2 billion.

Microsoft reported revenue of $90.0 billion for the quarter ended June 30, 2026, up 18% year over year.

Moonshot closed a $3.5 billion financing round, valuing the company at $35 billion.

Meta reported $60.801 billion in quarterly revenue, $15.848 billion in net income and headcount of 75,472 as of June 30, 2026.

NVIDIA had a public equity market capitalization of approximately $5.010 trillion as of Jul 26, 2026 (NASDAQ: NVDA), per StockAnalysis period-end data.

IBM reported total revenue of $17.162 billion for the second quarter of 2026.

Alphabet reported consolidated revenues of $119.8 billion for the quarter ended June 30, 2026, up 24% year over year.

World Labs acquired robotics and simulation company SceniX to extend its spatial-intelligence work into robot learning, simulation and real-world interaction. Financial terms were not disclosed.

Reuters reported DeepSeek was planning a second fundraising round ahead of a potential mainland IPO. The target valuation is retained as metadata because the round was not completed.

A Chinese stock-exchange filing disclosed an indirect 0.8265% stake and implied a RMB350.88B ($51.82B) company valuation.

Databricks signed a Coatue-led strategic-funding term sheet valuing the company at $188 billion, with proceeds targeted at Unity AI Gateway, Genie and Lakebase.

Fireworks disclosed that annualized revenue run rate had surpassed $1 billion.

Fireworks AI raised a $1.505 billion Series D led by Atreides Management, Index Ventures, and TCV.

Chai Discovery raised a $400 million Series C led by Index Ventures.

Mercor announced an agreement to acquire Deeptune, adding reinforcement-learning environment capabilities and its team.

SambaNova completed the first close of a $1 billion financing led by Vista Equity Partners and others to scale its AI inference business.

The Information reported, citing three people familiar with the matter, that DeepSeek's annualized revenue had recently reached between $400 million and $500 million, driven largely by API sales. It was the first revenue figure publicly attached to the company.

Together AI raised an $800 million Series C to accelerate its open and custom AI platform.

Space Exploration Technologies Corp. (SpaceX), SpaceXAI's publicly traded parent, had a consolidated equity market capitalization of approximately $2.250 trillion at the Jun 30, 2026 close. SpaceXAI is not separately listed, so this is the public-market value used for the SpaceXAI company profile.

CoreWeave had a public equity market capitalization of approximately $54.3 billion as of Jun 30, 2026 (NASDAQ: CRWV), per StockAnalysis period-end data.

Baidu had a public equity market capitalization of approximately $38.9 billion as of Jun 30, 2026 (NASDAQ: BIDU), per StockAnalysis period-end data.

IBM had a public equity market capitalization of approximately $264.3 billion as of Jun 30, 2026 (NYSE: IBM), per StockAnalysis period-end data.

Palantir had a public equity market capitalization of approximately $279.7 billion as of Jun 30, 2026 (NASDAQ: PLTR), per StockAnalysis period-end data.

Meta had a public equity market capitalization of approximately $1.430 trillion as of Jun 30, 2026 (NASDAQ: META), per StockAnalysis period-end data.

Amazon had a public equity market capitalization of approximately $2.564 trillion as of Jun 30, 2026 (NASDAQ: AMZN), per StockAnalysis period-end data.

Alphabet had a public equity market capitalization of approximately $4.339 trillion as of Jun 30, 2026 (NASDAQ: GOOGL), per StockAnalysis period-end data.

Microsoft had a public equity market capitalization of approximately $2.771 trillion as of Jun 30, 2026 (NASDAQ: MSFT), per StockAnalysis period-end data.

Hugging Face passed a $100 million annual revenue run rate in June 2026, a milestone shared on social media by CTO Julien Chaumond.

HeyGen reported surpassing $200 million in annual recurring revenue, doubling in eight months.