Releases

Anthropic disclosed that annualized revenue had exceeded $5 billion by August 2025.

NVIDIA reported Q2 fiscal 2026 revenue of $46.7 billion, up 56% year-over-year and 6% sequentially. Data Center revenue reached $41.1 billion. Net income was $26.4 billion (GAAP). NVIDIA approved an additional $60 billion share repurchase authorization.

Radical Ventures and Inovia Capital co-led a $500 million financing with AMD, NVIDIA, PSP, Salesforce Ventures and HOOPP participating.

Perplexity submitted a nonbinding $34.5 billion offer to acquire Google's Chrome browser; Google had not offered Chrome for sale.

CoreWeave closed a $2.6 billion secured delayed-draw term loan to finance infrastructure supporting its OpenAI agreement.

Perplexity raised approximately $100 million at an $18 billion valuation.

CoreWeave announced an all-stock agreement to acquire Core Scientific and increase direct ownership of power and HPC data-center infrastructure.

Morgan Stanley arranged $5 billion of debt financing and xAI separately raised $5 billion in strategic equity to fund AI infrastructure and product development.

Meta made a $14.3 billion strategic investment for a 49% non-voting minority stake in Scale AI, valuing the independent company at over $29 billion and expanding the commercial partnership.

Perplexity closed a $500 million financing led by Accel at a $14 billion valuation.

NVIDIA reported Q1 fiscal 2026 revenue of $44.1 billion, up 69% year-over-year and 12% sequentially. Data Center revenue was $39.1 billion (+73% YoY). Net income was $18.8 billion (GAAP). Results included a $4.5 billion charge related to H20 export control restrictions.

Databricks agreed to acquire serverless Postgres company Neon to create Lakebase for AI applications and agents.

CoreWeave completed its acquisition of Weights & Biases, creating an end-to-end AI cloud spanning infrastructure, model development, and evaluation.

Hugging Face acquired Pollen Robotics, maker of Reachy robots, to accelerate its open-source robotics strategy and connect physical hardware with the LeRobot ecosystem.

OpenAI announced $40 billion in new funding led by SoftBank at a $300 billion post-money valuation.

CoreWeave’s Class A common stock began public trading on the Nasdaq Global Select Market under ticker CRWV.

xAI acquired social network X in an all-stock deal valuing X at $33 billion in equity and xAI at $80 billion, combining data, models, compute and distribution.

CoreWeave priced 37.5 million Class A shares at $40 each, with trading under CRWV scheduled to begin on Nasdaq the next day.

xAI acquired AI video-generation startup Hotshot, bringing its team and technology into xAI’s multimodal roadmap.

CoreWeave entered an agreement to acquire Weights & Biases and add experiment tracking, model management, evaluation, and monitoring to its AI cloud platform.

Anthropic raised $3.5 billion led by Lightspeed Venture Partners at a $61.5 billion post-money valuation.

IBM completed the HashiCorp acquisition, adding Terraform and Vault to its hybrid-cloud and AI platform.

IBM agreed to acquire DataStax to add vector data, Astra DB and Langflow capabilities to watsonx.

A consortium led by xAI submitted an unsolicited $97.4 billion offer for the nonprofit controlling OpenAI; the proposal was rejected and did not proceed.

Databricks completed $10 billion in equity financing and arranged $5.25 billion in debt facilities at a $62 billion equity valuation.