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Mistral AI pursues €3 billion funding round at €20 billion valuation to challenge US rivals

French AI startup Mistral AI is in early talks to raise €3 billion at a €20 billion valuation, nearly doubling its September price. The funding aims to fuel its ambition as Europe's sovereign AI alternative, building owned data centers and competing against far richer American rivals like OpenAI and Anthropic.

Startups5 sources

Mistral AI pursues €3 billion funding round at €20 billion valuation to challenge US rivals

Startups5 sources

SpaceX IPO makes Musk first trillionaire as AI potential drives $1.8 trillion valuation

SpaceX became a publicly traded company on Nasdaq, marking the largest IPO in history at nearly $1.8 trillion. Elon Musk became the world's first trillionaire while thousands of employees gained millionaire status. But the company's valuation hinges less on rockets and more on its AI infrastructure ambitions, raising questions about investor appetite for tech IPOs and what comes next for OpenAI and Anthropic.

Business11 sources

SpaceX IPO makes Musk first trillionaire as AI potential drives $1.8 trillion valuation

Business11 sources

Jeff Bezos' Prometheus raises $12 billion to build an artificial general engineer for physical AI

Jeff Bezos' new AI startup Prometheus has raised $12 billion at a $41 billion valuation to develop what he calls an artificial general engineer. The venture aims to build AI-powered engineering tools that accelerate the design and manufacturing of physical products across industries including robotics, aerospace, and drug discovery. With backing from JPMorgan, Goldman Sachs, and BlackRock, this marks Bezos' first operational CEO role since leaving Amazon in 2021.

Startups9 sources

Jeff Bezos' Prometheus raises $12 billion to build an artificial general engineer for physical AI

Startups9 sources

AI wealth boom sends San Francisco home prices surging 18% as OpenAI and Anthropic eye IPOs

San Francisco's housing market is experiencing a dramatic surge in home prices as employees at AI companies like OpenAI and Anthropic cash out shares ahead of impending IPOs. The median home price hit $2 million in March 2026, up 18% year-over-year, while evictions reach decade highs. The AI gold rush is creating a stark economic divide in the city.

Business2 sources

AI wealth boom sends San Francisco home prices surging 18% as OpenAI and Anthropic eye IPOs

Business2 sources

OpenAI considers major price cuts as Anthropic rivalry intensifies and customers balk at AI costs

OpenAI is weighing significant reductions to its AI token pricing as competition with Anthropic escalates. The move comes as both companies filed for IPOs and enterprise customers push back against soaring AI costs that often deliver unclear returns. A brewing price war could reshape the industry's economics while testing customer loyalty in a market where switching providers remains relatively easy.

Business14 sources

OpenAI considers major price cuts as Anthropic rivalry intensifies and customers balk at AI costs

Business14 sources

TensorWave raises $350M as AMD funds its Nvidia rival to break AI chip monopoly

Las Vegas-based TensorWave secured $350 million in Series B funding led by AMD and Magnetar Capital, quadrupling its valuation to $1.55 billion. The cloud provider runs AI data centers exclusively on AMD chips, positioning itself as an alternative to Nvidia's GPU dominance. The funding will expand TensorWave's compute capacity from 500 megawatts to two gigawatts within a year.

Startups3 sources

TensorWave raises $350M as AMD funds its Nvidia rival to break AI chip monopoly

Startups3 sources

Tether leads $1.4 billion NEURA Robotics funding with Nvidia and Amazon backing AI robotics

Tether has led a $1.4 billion funding round for German humanoid robotics firm NEURA Robotics, marking one of the largest private investments in the physical AI sector. Nvidia, Amazon, Qualcomm, and Bosch joined the round, which values NEURA at roughly $7 billion. The stablecoin issuer will integrate its wallet and edge AI technologies into NEURA's robotic platforms, enabling machines to execute autonomous payments and process AI models locally.

Startups2 sources

Tether leads $1.4 billion NEURA Robotics funding with Nvidia and Amazon backing AI robotics

Startups2 sources

NEURA Robotics Secures $1.4 Billion in Series C Funding from Nvidia, Amazon, and Tether

German robotics company NEURA Robotics has raised up to $1.4 billion in one of the largest humanoid robotics funding rounds ever, backed by Nvidia, Amazon, Tether, Qualcomm, and Bosch. The investment values the company at approximately $7 billion and will accelerate production to millions of robots by 2030 while expanding its cognitive robotics platform across industries.

Startups3 sources

NEURA Robotics Secures $1.4 Billion in Series C Funding from Nvidia, Amazon, and Tether

Startups3 sources

OpenAI backs Poetic's $50M round to automate high-stakes financial underwriting and compliance

Poetic emerges from stealth with $50M in funding and a $500M valuation, backed by OpenAI, Founders Fund, and Kleiner Perkins. The AI startup claims 100% accuracy in fraud detection and promises to automate insurance underwriting and compliance processes for major clients including SoFi, AIG, and Chime. But with bold claims and limited technical disclosure, questions remain about how its system handles regulated, high-stakes decisions.

Startups2 sources

OpenAI backs Poetic's $50M round to automate high-stakes financial underwriting and compliance

Startups2 sources

Cyera Raises $600 Million at $12 Billion Valuation as AI Transforms Cybersecurity Landscape

Data security firm Cyera secured $600 million in funding at a $12 billion valuation, quadrupling its worth in just over a year. The cybersecurity start-up's rapid growth reflects surging investor interest in protecting companies from AI-based threats, especially as systems like Anthropic's Mythos model demonstrate unprecedented ability to exploit vulnerabilities. Cyera now focuses on autonomous protection against AI agents.

Startups2 sources

Cyera Raises $600 Million at $12 Billion Valuation as AI Transforms Cybersecurity Landscape

Startups2 sources

Legora opens Madrid, Milan, Paris offices and London engineering hub, targets 700 EMEA employees

Swedish legal-tech Legora is launching offices in Madrid, Milan, and Paris alongside a London engineering hub during Q3 2026, targeting 700 EMEA employees within a year. The $5.6bn legal AI platform expansion follows a $600 million Series D and reflects aggressive growth in a market where it competes with $11bn-valued Harvey AI.

Business2 sources

Legora opens Madrid, Milan, Paris offices and London engineering hub, targets 700 EMEA employees

Business2 sources

Thoma Bravo declares SaaSpocalypse over as AI becomes tailwind for software industry

Orlando Bravo of Thoma Bravo says the panic around AI gutting the software industry has ended, with AI now driving growth. Software stocks rallied 21% in May, but the recovery remains uneven as consumption-priced businesses surge while seat-based models struggle. Snowflake's CEO urges caution amid rising costs.

Business2 sources

Thoma Bravo declares SaaSpocalypse over as AI becomes tailwind for software industry

Business2 sources

Beacon raises $225M to transform software acquisitions with AI-native platform

Beacon, led by ex-Instacart president Nilam Ganenthiran, has raised $225 million in Series C funding to accelerate its AI roll-up strategy. The startup acquires small, profitable software companies serving underserved industries and rebuilds them on a shared AI-native platform, closing roughly one deal per week while driving over 50% EBITDA growth across its portfolio.

Startups2 sources

Beacon raises $225M to transform software acquisitions with AI-native platform

Startups2 sources

Standard Bots hits $1bn valuation with $200M raise to build AI robots on American soil

New York-based Standard Bots raised $200 million in Series C funding led by RoboStrategy and General Catalyst, achieving unicorn status with a $1 billion valuation. The company builds AI-powered robotic arms that learn tasks through demonstration rather than coding, targeting a 10% share of US industrial robot deployments by year-end while expanding its Long Island manufacturing facility.

Startups2 sources

Standard Bots hits $1bn valuation with $200M raise to build AI robots on American soil

Startups2 sources

Rivian R2 First Drive: The $45,000 Electric SUV Built to Challenge Tesla Model Y

Rivian has officially launched its R2, a mass-market electric SUV starting at $45,000 that CEO RJ Scaringe calls a make-or-break moment for the company. With AI-powered hands-free driving, competitive pricing against the Tesla Model Y, and production targets exceeding 50,000 units annually, the R2 represents Rivian's ambitious push beyond luxury EVs. But early buyers face a critical trade-off: Gen 2 hardware now or wait for advanced Gen 3 autonomy later.

Technology3 sources

Rivian R2 First Drive: The $45,000 Electric SUV Built to Challenge Tesla Model Y

Technology3 sources

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