Releases

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

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.

DeepSeek reportedly raised more than RMB50B ($7.4B) in a founder-controlled structure at a valuation exceeding $50B.

Databricks announced an agreement to acquire AI SOC company Panther to expand its agentic security-lakehouse offering.

Reuters reported DeepSeek was set to raise about RMB50B from investors including Tencent and CATL, at a projected $52B-$59B post-money valuation.

Anthropic confidentially submitted a draft Form S-1 registration statement to the SEC for a proposed initial public offering; pricing and share count were not yet set.

Anthropic raised $65 billion in Series H funding led by Altimeter, Dragoneer, Greenoaks, and Sequoia, at a $965 billion post-money valuation.

Mistral AI signed a definitive agreement to acquire Emmi AI, expanding into physics-aware AI for engineering and industry; terms were not disclosed.

Modal reported an annualized revenue run rate exceeding $300 million at the time of its Series C.

Modal raised $355 million in Series C financing at a $4.65 billion post-money valuation.

NVIDIA reported Q1 fiscal 2027 record revenue of $81.6 billion, up 85% year-over-year and 20% sequentially. Data Center revenue reached a record $75.2 billion (+92% YoY). Net income was $58.3 billion (GAAP). NVIDIA approved an additional $80 billion share repurchase and raised the quarterly dividend from $0.01 to $0.25 per share.

Cohere acquired biopharma AI specialist Reliant AI, adding its research team, biomedical datasets and domain technology to North for Pharma.

Baidu reported AI Cloud Infrastructure revenue of RMB8.8B for Q1 2026, up 79% year over year.

Anthropic acquired Stainless, an SDK and MCP server tooling company that had powered generation of Anthropic's official SDKs.

Anthropic disclosed that annualized run-rate revenue had crossed $47 billion earlier in May 2026.

Cohere and Aleph Alpha announced plans to combine into a transatlantic sovereign-AI company operating as Cohere; completion remained subject to approvals.

Scale acquired ICG Solutions and its LUX real-time streaming-data analytics platform to expand its national-security AI stack; ICG initially remained a wholly owned subsidiary.

Anthropic disclosed that annualized run-rate revenue had surpassed $30 billion, up from about $9 billion at the end of 2025.

Amazon made an additional $5 billion investment in Anthropic and said it could invest up to a further $20 billion.

CoreWeave closed DDTL 4.0, an up-to-$8.5 billion non-recourse facility described as the first investment-grade-rated financing backed by HPC infrastructure and a customer contract.

OpenAI announced the close of $122 billion in capital at an $852 billion post-money valuation.

Mistral AI secured approximately $830 million in debt financing to buy NVIDIA chips and develop a Paris-area AI data centre.

OpenAI announced $110 billion of new investment from Amazon, NVIDIA, and SoftBank at a $730 billion pre-money valuation.