Releases

The Financial Times reported that NVIDIA is in talks to acquire, or invest more into, US open-weights AI lab Reflection AI; the deal could be structured as an acquihire to avoid antitrust scrutiny. No deal value disclosed; not confirmed by either company.

Bloomberg reported, citing unnamed sources, that OpenAI is negotiating a round of $30B or more at a $1.4 trillion pre-money valuation, with investors including Abu Dhabi's MGX and other UAE funds. Not confirmed by OpenAI.

Bloomberg, citing unnamed sources, reported OpenAI's annualized revenue was about $50B at the end of September 2026 and that it targets at least $70B by end of 2026. The figure counts only OpenAI's net share of cloud-partner sales, so it is not directly comparable to earlier gross run-rate reports. OpenAI declined to comment.

TypeSafe AI announced an $870 million Series A led by Andreessen Horowitz, with participation from Sequoia Capital, existing investor DCVC and angel investors, less than a month after launching Jev.

Palantir's public-market capitalization was $455.14 billion based on the latest available closing-market snapshot.

Space Exploration Technologies Corp. (SpaceX), SpaceXAI's publicly traded parent, closed with a consolidated equity market capitalization of approximately $2.16 trillion, with SPCX closing at $158.96 on Nasdaq. SpaceXAI is not separately listed, so this is the public-market value used for the SpaceXAI company profile.

Oracle's closing equity market capitalization was approximately $431.38 billion on the latest completed U.S. trading day.

IBM's closing equity market capitalization was approximately $209.67 billion on the latest completed U.S. trading day.

Baidu's Nasdaq market capitalization was $28.81B at the latest market close before October 5, 2026.

At the latest market close before October 4, CoreWeave’s Nasdaq-listed equity had a market capitalization of approximately $49.38 billion, with CRWV closing at $89.62.

Amazon's closing market capitalization was approximately $2.687 trillion, based on a $248.23 closing share price and 10,826,289,523 shares outstanding.

Meta Platforms closed with an estimated public equity market capitalization of $1.8474 trillion based on its Nasdaq-listed META shares.

Microsoft closed with an estimated public equity market capitalization of $3.809 trillion based on its Nasdaq-listed MSFT shares.

NVIDIA market capitalisation as of 1 October 2026, up 23% year-to-date, making NVIDIA the most valuable public company in history at that point. Growth driven by continued AI infrastructure spending and record quarterly revenues exceeding $96 billion.

Alphabet Inc., Google's publicly traded parent, closed with an estimated consolidated equity market capitalization of $4.1367 trillion. Google LLC is not separately listed, so this is the public-market value used for the Google company profile.

Space Exploration Technologies Corp. (SpaceX), SpaceXAI's publicly traded parent, had a consolidated equity market capitalization of approximately $2.050 trillion at the Sep 30, 2026 close. SpaceXAI is not separately listed, so this is the public-market value used for the SpaceXAI company profile.

ElevenLabs Platform

Listen Labs announced it was joining Salesforce AI Labs; its founders and team would continue building the product inside Salesforce.

EliseAI raised $350 million in a round co-led by Andreessen Horowitz and Bessemer Venture Partners.

Axios reported, citing sources familiar with the financials, that OpenAI's annualized revenue run rate had grown more than 70% since the start of Q3 to almost $70 billion, with enterprise sales more than doubling since July. OpenAI has not confirmed the figure.

OpenEvidence confirmed an additional $250 million funding round led by Andreessen Horowitz and Byers Capital.

AMD announced a definitive all-stock agreement to acquire World Labs for approximately $8.2 billion. Closing is expected by the end of 2026, subject to regulatory approval and customary conditions.

Cognition announced that it crossed $1 billion in annualized revenue run rate.

The Information reported that DeepSeek's annualized revenue run rate had surpassed $1 billion, more than doubling within a few months, helped in part by API price increases. The figure is a run rate, not audited annual revenue.

Genie One

The companies signed an agreement to form a transatlantic sovereign-AI provider operating globally as Cohere, with headquarters and R&D in Canada and Germany; closing remained pending.

TypeSafe AI emerged from stealth with a $40 million seed round led by DCVC, announced alongside the launch of its first model, Jev.

Barclays, BNP Paribas' Opera Tech Ventures, Citi Ventures, MUFG Innovation Partners, Societe Generale, and Josh Easterly made an undisclosed strategic investment in Rogo.

Skild reported surpassing $100 million in annual recurring revenue ten months after its first commercial deployment.

Oracle reported total revenue of about $19.35 billion for its fiscal first quarter ended August 31, 2026, up 30% year over year.

Clay raised a $115 million Series D led by Wellington.

Alongside its $550 million round at a $15.5 billion valuation, Harvey said its annual recurring revenue was above $400 million and that it now serves more than 3,000 customer organizations.

Harvey Platform

DeepSeek reportedly moved toward a potential mainland listing while its next financing remained in progress.

Cognition raised more than $2 billion in a Series E led by Andreessen Horowitz and Accel.

Mistral AI raised €3 billion in a Series D led by Samsung, with Scaleup Europe Fund, EQT and PSG participating, at a post-money valuation of more than €21 billion.

Reuters reported that Moonshot confidentially filed for a Hong Kong IPO and was targeting a roughly $3 billion offering.

NVIDIA entered a definitive agreement to acquire Hugging Face for $12.9303 billion. The companies said Hugging Face would retain its brand, platform, open-source commitments, and multi-cloud, multi-accelerator approach pending closing.

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 AI Cloud

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.

Cursor