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Top AI investors say the AI bubble is good for innovation despite inflated valuations

Leading venture capitalists Steve Jang of Kindred Ventures and Cathy Gao of Sapphire Ventures argue that the AI bubble, while real, is essential for driving innovation. Speaking at Fortune Brainstorm AI conference, they explained how market excitement attracts top talent from tech giants and secures capital for ambitious AI projects, even as concerns about inflated valuations grow.

Business2 sources

Top AI investors say the AI bubble is good for innovation despite inflated valuations

Business2 sources

OpenAI doubles compute margin to 70% as it battles high costs and intensifying AI competition

OpenAI has doubled its compute margin to 70% by October 2025, a significant jump from 52% at the end of 2024 and 35% in January 2024. The improvement comes as the $500 billion company faces mounting pressure over AI profitability, with CEO Sam Altman declaring a 'code red' amid renewed competition from Google and Anthropic while pursuing up to $100 billion in new funding.

Business3 sources

OpenAI doubles compute margin to 70% as it battles high costs and intensifying AI competition

Business3 sources

SoftBank scrambles to deliver $22.5 billion to OpenAI as year-end deadline looms

SoftBank faces a year-end deadline to secure $22.5 billion for OpenAI after the AI startup completed its for-profit transition. CEO Masayoshi Son has already liquidated SoftBank's entire $5.8 billion Nvidia stake and sold $4.8 billion in T-Mobile shares while considering margin loans against Arm Holdings. The funding crunch highlights the financial strain even major investors face in backing ambitious AI infrastructure projects.

Business6 sources

SoftBank scrambles to deliver $22.5 billion to OpenAI as year-end deadline looms

Business6 sources

Luma AI launches Ray3 Modify to generate video from start and end frames with character consistency

Luma AI unveiled Ray3 Modify, a new model that lets creators modify existing video footage using character reference images while preserving the original human performance. The tool can generate a video from a start and end frame, addressing control challenges in AI video generation for creative studios.

Technology2 sources

Luma AI launches Ray3 Modify to generate video from start and end frames with character consistency

Technology2 sources

Trump Media announces $6 billion fusion energy merger to power AI data centers

Trump Media & Technology Group is merging with fusion energy company TAE Technologies in a $6 billion all-stock deal aimed at building the world's first utility-scale fusion power plant. The combined entity plans to begin construction in 2026 to supply electricity for large AI data centers as surging energy demand from artificial intelligence threatens existing power infrastructure.

Business5 sources

Trump Media announces $6 billion fusion energy merger to power AI data centers

Business5 sources

Michigan approves 1.4 gigawatts for OpenAI's Stargate data center as residents protest fast-track

The Michigan Public Service Commission approved DTE Energy's request to deliver 1.4 gigawatts of power to OpenAI and Oracle's $7 billion Stargate data center in Saline Township. The 3-0 vote used an ex parte motion that bypassed public hearings, leaving residents furious about being shut out of the process despite concerns over electricity prices, environmental impact, and transparency.

Policy5 sources

Michigan approves 1.4 gigawatts for OpenAI's Stargate data center as residents protest fast-track

Policy5 sources

Nirvana Insurance raises $100M Series D, nearly doubles valuation to $1.5B in nine months

AI-native trucking insurance startup Nirvana Insurance has secured a $100 million Series D funding round at a $1.5 billion valuation, nearly doubling its worth in just nine months. The company uses real-time driving telematics and 30 billion miles of truck-driving data to build AI-powered insurance policies that offer up to 20% upfront discounts for safe fleets.

Startups4 sources

Nirvana Insurance raises $100M Series D, nearly doubles valuation to $1.5B in nine months

Startups4 sources

Elon Musk tells xAI staff company could lead global AI race by 2026 if it survives critical window

Elon Musk delivered an optimistic message at xAI's San Francisco headquarters, telling staff the next two to three years will determine winners in the AI race. He suggested xAI might reach AGI as soon as 2026 with its Grok 5 model, backed by $20-30 billion in annual funding and plans to scale to one million GPUs. The company is leveraging synergies with Tesla and rapidly expanding its Colossus data center project.

Technology2 sources

Elon Musk tells xAI staff company could lead global AI race by 2026 if it survives critical window

Technology2 sources

Yann LeCun confirms Advanced Machine Intelligence startup, targets €3 billion valuation pre-launch

Renowned AI scientist Yann LeCun confirmed his new startup Advanced Machine Intelligence, seeking €500 million at a €3 billion valuation before launch. The venture will develop world model AI systems that understand the physical world, with Alexandre LeBrun from Nabla as CEO. This marks one of the largest pre-launch AI fundraising rounds.

Startups7 sources

Yann LeCun confirms Advanced Machine Intelligence startup, targets €3 billion valuation pre-launch

Startups7 sources

Mythic Raises $125 Million to Challenge Nvidia with 100x More Efficient AI Chips

Palo Alto-based Mythic has secured $125 million in funding to develop analog processing units that cut AI energy use by up to 100 times compared with GPUs. Led by DCVC with backing from SoftBank, Honda, and Lockheed Martin, the AI chip startup plans to deploy its compute-in-memory technology across data centers, automotive systems, robotics, and defense applications.

Technology3 sources

Mythic Raises $125 Million to Challenge Nvidia with 100x More Efficient AI Chips

Technology3 sources

Demis Hassabis warns AI hype masks real potential as startups raise tens of billions

Google DeepMind CEO Demis Hassabis cautions that AI startups securing tens of billions in valuations before launch face unsustainable futures. Speaking on Google DeepMind: The Podcast, he distinguished between speculative early-stage AI companies and Big Tech investments backed by real business. Despite short-term AI hype, Hassabis believes the technology remains underappreciated for its long-term potential in science and world models.

Business3 sources

Demis Hassabis warns AI hype masks real potential as startups raise tens of billions

Business3 sources

Rapidus unveils glass interposer tech to challenge TSMC's dominance in AI chips production

Japan's state-backed chipmaker Rapidus has developed a prototype glass interposer that could cut AI chip production costs significantly. The company plans mass production by 2028, using 600mm glass substrates that yield 10 times more interposers than traditional silicon wafers. This breakthrough positions Rapidus to compete directly with TSMC as Japan invests heavily to rebuild its semiconductor industry.

Technology3 sources

Rapidus unveils glass interposer tech to challenge TSMC's dominance in AI chips production

Technology3 sources

OpenAI Hires George Osborne to Lead Global Stargate Expansion and Government Partnerships

OpenAI has appointed former UK Chancellor George Osborne to head OpenAI for Countries, an initiative to expand its ambitious $500 billion Stargate project beyond US borders. Osborne joins a growing trend of British politicians moving to major tech giants, following Nick Clegg at Meta and Rishi Sunak at Anthropic and Microsoft. The move raises questions about tech companies acting as quasi-governmental actors while OpenAI faces financial concerns over its expansion plans.

Business12 sources

OpenAI Hires George Osborne to Lead Global Stargate Expansion and Government Partnerships

Business12 sources

Lovable raises $330M at $6.6B valuation as vibe-coding startup triples worth in five months

Stockholm-based Lovable has raised $330 million in Series B funding at a $6.6 billion valuation, more than tripling its worth since July. The AI coding startup reached $200 million in annual recurring revenue within a year of launch, letting users build apps using text prompts without any coding experience. Major tech investors including CapitalG, Menlo Ventures, and Nvidia backed the round.

Startups11 sources

Lovable raises $330M at $6.6B valuation as vibe-coding startup triples worth in five months

Startups11 sources

Databricks raises $4B at $134B valuation as AI business drives 55% revenue growth

Databricks has closed a $4 billion Series L funding round at a $134 billion valuation, just three months after hitting $100 billion. The data intelligence company now generates $4.8 billion in annual revenue, with over $1 billion from AI products. The funding will accelerate development of Lakebase, Agent Bricks, and Databricks Apps while supporting acquisitions and global expansion.

Business6 sources

Databricks raises $4B at $134B valuation as AI business drives 55% revenue growth

Business6 sources

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