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Anduril raises $5 billion, doubles valuation to $61 billion as defense tech spending surges

Anduril Industries closed a $5 billion Series H funding round, doubling its valuation to $61 billion from $30.5 billion just ten months ago. The defense tech company, founded by Palmer Luckey, develops AI-backed weapons and autonomous systems for the U.S. military. Revenue doubled to $2.2 billion in 2025 as the firm expands manufacturing operations in Ohio and Seattle.

Startups3 sources

Anduril raises $5 billion, doubles valuation to $61 billion as defense tech spending surges

Startups3 sources

Anthropic acquires Stainless for $300M, pulling key developer tools from OpenAI and Google

Anthropic has acquired Stainless, the SDK generation startup used by OpenAI, Google, and Cloudflare, for over $300 million. The deal removes a critical infrastructure supplier from competitors' hands as Anthropic winds down all hosted Stainless products by September 2026, forcing rivals to find alternative tooling solutions.

Technology7 sources

Anthropic acquires Stainless for $300M, pulling key developer tools from OpenAI and Google

Technology7 sources

SAP invests in n8n, embedding workflow automation into Joule Studio at $5.2 billion valuation

SAP has embedded n8n's workflow automation platform into Joule Studio, its agent-building environment, while taking a 1.3% stake that values the Berlin startup at $5.2 billion—double its previous valuation. The multi-year partnership positions n8n as the AI orchestration layer for SAP's 300,000 enterprise customers, connecting AI agents to more than 1,000 external systems.

Technology3 sources

SAP invests in n8n, embedding workflow automation into Joule Studio at $5.2 billion valuation

Technology3 sources

Major exchanges launch futures markets for AI computing power as GPU costs become tradable asset

CME Group and Intercontinental Exchange are launching the first futures markets for AI computing power, allowing investors and tech firms to hedge against volatile GPU rental costs. CME partners with Silicon Data while ICE teams with Ornn to create cash-settled contracts based on GPU pricing indices. The move signals that compute has evolved into a major tradable asset class.

Business4 sources

Major exchanges launch futures markets for AI computing power as GPU costs become tradable asset

Business4 sources

Exaforce raises $125 million Series B to combat AI-powered cyber threats with real-time detection

Exaforce, an agentic SOC startup, has secured $125 million in Series B funding at a $725 million valuation to scale its AI-native security operations platform. The company uses AI agents called Exabots and a real-time knowledge graph to detect and stop cyberattacks as they happen, reducing investigation time by 10x. The round brings total funding to $200 million just one year after its $75 million Series A.

Startups3 sources

Exaforce raises $125 million Series B to combat AI-powered cyber threats with real-time detection

Startups3 sources

OpenAI employees cash out $6.6 billion in shares as AI boom drives surging valuation

More than 600 current and former employees at OpenAI sold $6.6 billion worth of shares in a major secondary stock sale, with some earning as much as $30 million. The transaction valued the company at nearly $500 billion, making it one of the world's most valuable private tech firms while helping retain top AI talent.

Business2 sources

OpenAI employees cash out $6.6 billion in shares as AI boom drives surging valuation

Business2 sources

GitLab announces layoffs and restructuring to accelerate AI agents strategy in agentic era

GitLab is cutting an unspecified number of jobs as it restructures around AI agents and automation. CEO Bill Staples insists the move differs from typical tech layoffs, with most savings reinvested into the business rather than returned to shareholders. The company plans to flatten its eight-layer management structure, reduce its country footprint by 30%, and reorganize R&D teams into smaller autonomous units.

Business3 sources

GitLab announces layoffs and restructuring to accelerate AI agents strategy in agentic era

Business3 sources

Byron Allen Takes Over BuzzFeed as CEO After $120M Acquisition of Struggling Media Pioneer

Media entrepreneur Byron Allen has purchased a 52% controlling stake in BuzzFeed for $120 million, replacing founder Jonah Peretti as CEO. The deal represents a steep decline for the digital media company once valued at $1.7 billion. Allen plans to expand into free-streaming video and use AI to compete with YouTube, while significant cost cuts loom ahead.

Business3 sources

Byron Allen Takes Over BuzzFeed as CEO After $120M Acquisition of Struggling Media Pioneer

Business3 sources

Cowboy Space raises $275 million to build orbital AI data centers and its own rockets

Cowboy Space, formerly Aetherflux, has raised $275 million at a $2 billion valuation to deploy solar-powered AI data centers in orbit. The company plans to build its own rockets due to insufficient launch capacity, with each satellite housing 800 GPUs and generating 1 megawatt of power. The first rocket launch is expected before the end of 2028.

Startups3 sources

Cowboy Space raises $275 million to build orbital AI data centers and its own rockets

Startups3 sources

OpenAI launches $4B Deployment Company as enterprise AI adoption hits 'tipping point'

OpenAI has unveiled the OpenAI Deployment Company with over $4 billion in initial investment, backed by TPG, SoftBank, and major consulting firms. The new AI services company will embed specialized engineers directly into organizations to help businesses integrate AI models into workflows. The move comes as OpenAI's revenue chief declares enterprise AI adoption is 'at a tipping point,' intensifying competition with Anthropic in the enterprise AI market.

Business6 sources

OpenAI launches $4B Deployment Company as enterprise AI adoption hits 'tipping point'

Business6 sources

Circle launches Agent Stack to give AI agents USDC stablecoin payment powers

Circle unveiled Agent Stack, a suite of developer tools that enables AI agents to hold wallets and make autonomous USDC stablecoin payments. The announcement came alongside a $222 million Arc token presale backed by BlackRock, Apollo, and Andreessen Horowitz, valuing the Arc network at $3 billion. Circle positions AI agents themselves as primary customers for its financial infrastructure.

Technology6 sources

Circle launches Agent Stack to give AI agents USDC stablecoin payment powers

Technology6 sources

SoftBank cuts OpenAI margin loan target by 40% to $6 billion after lender pushback

SoftBank Group has reduced its planned margin loan backed by its OpenAI stake from $10 billion to as low as $6 billion after creditors raised concerns about valuing the unlisted AI company. The downsizing reflects growing caution among lenders about the difficulty of assigning reliable valuations to privately held artificial intelligence assets, even after OpenAI's $852 billion primary funding round.

Business4 sources

SoftBank cuts OpenAI margin loan target by 40% to $6 billion after lender pushback

Business4 sources

Qualcomm stock surges 15% as AI chips and data center expansion fuel investor confidence

Qualcomm stock jumped nearly 15% as investors rallied behind the chipmaker's strategic pivot into AI. The surge followed reports of an OpenAI partnership for AI-native smartphone chips, accelerated data center chip shipments to a major hyperscaler, and strong second-quarter earnings. With new Snapdragon platforms and a $2.3 billion acquisition to expand data center capabilities, Qualcomm is transforming from a smartphone chip vendor into a diversified AI computing company.

Business2 sources

Qualcomm stock surges 15% as AI chips and data center expansion fuel investor confidence

Business2 sources

Roche acquires PathAI for up to $1.05 billion to strengthen AI diagnostics and digital pathology

Swiss pharmaceutical giant Roche announced it will acquire U.S.-based AI company PathAI in a deal worth up to $1.05 billion. The acquisition expands Roche's digital pathology capabilities and AI diagnostics tools, building on a partnership that began in 2021. PathAI will join Roche's diagnostics division to accelerate precision medicine and biomarker discovery.

Technology2 sources

Roche acquires PathAI for up to $1.05 billion to strengthen AI diagnostics and digital pathology

Technology2 sources

Asia's tech giants drive AI bull run as chipmakers post record earnings and Seoul market doubles

A fresh investor frenzy has shifted the AI bull run's focus to Asia, with Seoul becoming the world's hottest stock market. Samsung, TSMC, and SK Hynix are posting record earnings, with chip revenues at Samsung leaping nearly 50 times last quarter. South Korea's KOSPI has doubled in six months as Asian chipmakers cement their pivotal role in the global AI supply chain.

Business2 sources

Asia's tech giants drive AI bull run as chipmakers post record earnings and Seoul market doubles

Business2 sources

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