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Lovable Secures $400M Series C Funding, Doubles Valuation to $13.3B in Eight Months

Swedish AI coding startup Lovable raised $400 million in Series C funding at a $13.3 billion valuation, doubling from December's $6.6 billion. The vibe-coding platform enables non-technical users to build full-stack web applications using plain English, with Fortune 500 companies including NVIDIA and Adidas among its enterprise clients.

Startups5 sources

Lovable Secures $400M Series C Funding, Doubles Valuation to $13.3B in Eight Months

Startups5 sources

Thrive Holdings Raises $2 Billion to Scale AI Integration Across Enterprise Sectors

Josh Kushner's Thrive Holdings secured $2 billion at a $12 billion valuation from SoftBank, D1 Capital Partners, and Altimeter Capital to expand its AI-focused private equity model. The firm buys traditional businesses like accounting and IT firms, embedding OpenAI engineers to rebuild workflows with AI-driven platforms that have cut tax prep times by 30% and accelerated help desk resolution by 36 times.

Business3 sources

Thrive Holdings Raises $2 Billion to Scale AI Integration Across Enterprise Sectors

Business3 sources

Kevin Weil seeks $150M for AI startup to gather scientific data, four months after leaving OpenAI

Former OpenAI chief product officer Kevin Weil is raising $150 million for a new AI science startup at a $750 million valuation, just four months after departing the company. The venture aims to gather scientific data for AI models, though details about its product and data collection methods remain undisclosed.

Startups2 sources

Kevin Weil seeks $150M for AI startup to gather scientific data, four months after leaving OpenAI

Startups2 sources

Blacksmith Secures $45M Series B at $550M Valuation as AI Code Validation Demand Surges

AI code-testing startup Blacksmith raised $45 million in Series B funding led by Peak XV Partners, reaching a $550 million valuation. The round comes as demand for AI code validation tools accelerates, with the company now serving over 5,000 customers and experiencing 5-10% weekly job growth since early 2026.

Startups3 sources

Blacksmith Secures $45M Series B at $550M Valuation as AI Code Validation Demand Surges

Startups3 sources

Chardan Initiates QumulusAI Coverage With Buy Rating, Sets $24.50 Price Target on AI Infrastructure Play

Chardan Capital Markets initiated coverage on QumulusAI with a Buy rating and a $24.50 price target, representing substantial upside from the current $6.11 stock price. The cloud infrastructure provider stands out by deploying GPU clusters in under 90 days versus the 12-24 month cycles typical of traditional providers, targeting underserved small and mid-market customers with NVIDIA GPUs.

Business2 sources

Chardan Initiates QumulusAI Coverage With Buy Rating, Sets $24.50 Price Target on AI Infrastructure Play

Business2 sources

CodeRabbit raises $143 million at $1.5 billion valuation to manage AI-generated code explosion

CodeRabbit closed a $143 million Series C funding round at a $1.5 billion valuation, co-led by Atomico and Smash Capital. The AI-powered code review platform launched Agentic Change Management to help companies govern the surge in AI-generated code. With over 17,000 customers including Nvidia and BMW, CodeRabbit processes more than 2 million code reviews weekly.

Technology7 sources

CodeRabbit raises $143 million at $1.5 billion valuation to manage AI-generated code explosion

Technology7 sources

Cognition AI in Talks for $40 Billion Valuation as Devin Revenue Doubles to Near $1 Billion

Cognition AI, maker of the AI agent Devin, is reportedly negotiating a new funding round that could value the AI coding startup at $40 billion—a 50% jump from its $26 billion valuation just three months ago. The company's annualized revenue run rate has nearly doubled to approach $1 billion, attracting investor interest in one of AI's hottest sectors.

Startups7 sources

Cognition AI in Talks for $40 Billion Valuation as Devin Revenue Doubles to Near $1 Billion

Startups7 sources

Lionsgate Pressured to Sell as Activist Investor Warns of AI Threat to Film Library Value

Activist investor Anson Funds is pushing Lionsgate to either transform itself for the generative AI era or put itself up for sale, arguing the market has wrongly categorized the studio as an AI casualty. The pressure comes as Lionsgate stock has reacted sharply to releases of AI video models, despite owning a 20,000-title film library that could be a licensing asset.

Business3 sources

Lionsgate Pressured to Sell as Activist Investor Warns of AI Threat to Film Library Value

Business3 sources

Super Micro Computer Stock Surges 7% on Crushing Earnings Beat and $65-72B Revenue Guidance

Super Micro Computer delivered a stunning earnings beat with adjusted EPS of $1.70 versus analyst expectations of just 92 cents. The AI server maker issued revenue guidance of $65-72 billion for fiscal 2027, far exceeding Wall Street's $53 billion forecast, as data center demand for AI infrastructure continues to accelerate.

Business10 sources

Super Micro Computer Stock Surges 7% on Crushing Earnings Beat and $65-72B Revenue Guidance

Business10 sources

Brad Lightcap Exits OpenAI After 8 Years to Launch New Venture Amid Executive Shakeup

Brad Lightcap, OpenAI's former chief operating officer and one of its longest-serving executives, announced his departure after eight years at the AI lab. The move adds to a growing wave of executive departures as the company prepares for its highly anticipated IPO, with leadership turnover raising questions about stability at the $852 billion firm.

Business13 sources

Brad Lightcap Exits OpenAI After 8 Years to Launch New Venture Amid Executive Shakeup

Business13 sources

Anthropic races toward record $2 trillion IPO as revenue run rate soars to $65 billion

Anthropic reported a $65 billion annual revenue run rate by July's end, up from $47 billion in May and $9 billion at 2025's close. The AI startup led by Dario Amodei now targets an October IPO that could value the company at $2 trillion or more, making it the largest public offering ever and testing investor appetite amid rising AI costs and regulatory pressure.

Business28 sources

Anthropic races toward record $2 trillion IPO as revenue run rate soars to $65 billion

Business28 sources

UBS Upgrades Jabil to Buy as AI Investments from Amazon, Meta, Google Drive Multiyear Growth Cycle

UBS upgraded circuit board manufacturer Jabil to Buy from Neutral with a $430 price target, citing a multiyear growth cycle fueled by AI investments from Amazon, Meta, and Google. The firm expects hyperscaler demand and rising healthcare capacity to push Jabil's fiscal 2027 operating margin above 6%.

Business2 sources

UBS Upgrades Jabil to Buy as AI Investments from Amazon, Meta, Google Drive Multiyear Growth Cycle

Business2 sources

Wall Street Backs Csquare Stock as AI Demand Drives Data Center Boom

Csquare went public in July at $21 per share and analysts see major upside ahead. Bank of America initiated coverage with a buy rating and $46 price target, citing the company's ability to address AI-driven data center supply constraints. The Texas-based operator runs 80 colocation data centers with 670 megawatts of expansion capacity across North America and the UK.

Business2 sources

Wall Street Backs Csquare Stock as AI Demand Drives Data Center Boom

Business2 sources

Elon Musk backs AI traffic forecast while Michael Burry questions who will pay for surging AI agents

Elon Musk endorsed Cloudflare's projection that AI internet traffic could reach 1,000 times human levels within five years, calling it accurate. Michael Burry countered by questioning who will finance AI agents, highlighting concerns over AI infrastructure spending and market sustainability as tech giants invest hundreds of billions.

Technology3 sources

Elon Musk backs AI traffic forecast while Michael Burry questions who will pay for surging AI agents

Technology3 sources

Harvey Legal AI Valuation Soars to $15.5bn as Revenue Surges Past $350 Million

AI startup Harvey is raising at least $500m at a $15.5bn valuation, marking a 40% jump in just five months. The legal AI company's annualized revenue surged over 80% from $190m in January to more than $350m, driven by widespread adoption across major law firms and strategic investments from Goldman Sachs and JPMorgan.

Startups3 sources

Harvey Legal AI Valuation Soars to $15.5bn as Revenue Surges Past $350 Million

Startups3 sources

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