OpenAI closes $40B equity round at $157B valuation
SoftBank leads the largest single fundraise in tech history, with participation from existing investors. Funds earmarked for compute infrastructure and global expansion.
Databricks raises $10B Series J, eyes 2025 IPO
The data intelligence platform reaches $62B valuation with its tenth funding round. CEO Ali Ghodsi signals an IPO is 'on the table' for late 2025.
CoreWeave prices IPO at $40, raises $1.5B in Nasdaq debut
The GPU cloud provider went public on March 28, trading initially below its offering price before recovering. Market cap settled around $23B.
Anthropic raises $2.75B Series E at $61B valuation
Google and Amazon continue to anchor Anthropic's cap table. The round brings total funding to $12.4B as the company scales Claude 3 across enterprise customers.
xAI launches Grok 3 with 'reasoning mode' for X Premium subscribers
The latest Grok release adds chain-of-thought reasoning and real-time web access, directly competing with OpenAI's o3 and Anthropic's Claude 3.7 Sonnet.
Mistral signs enterprise agreement with European Commission
The French AI lab secures a multi-year contract to provide open-weight models for EU public sector applications, reinforcing its position as Europe's sovereign AI champion.
Scale AI expands DoD contract to $1B+ over three years
The US Department of Defense expands its data labelling and AI evaluation partnership with Scale, citing performance on classified project benchmarks.
Cerebras CS-3 sets new inference speed record at 2,100 tokens/sec
The latest Wafer Scale Engine system delivers 20× faster inference than leading GPU alternatives on LLaMA 3 70B, according to internal benchmarks.
Nebius reports 180% YoY GPU cloud revenue growth in Q1 2025
The Amsterdam-listed AI cloud provider beats analyst expectations with €120M quarterly revenue, driven by demand from European AI labs and startups.
Cohere Command R+ integrated into Oracle Cloud AI Services
Oracle deepens its enterprise AI offering by embedding Cohere's retrieval-augmented generation models natively into OCI, targeting Fortune 500 deployments.
Hugging Face Inference Endpoints surpasses 500K active models
The ML platform milestone coincides with the launch of ZeroGPU — shared GPU infrastructure that lets any Spaces app run inference without a paid tier.
Anyscale Ray framework adopted as CNCF incubation project
The Cloud Native Computing Foundation accepts Ray into incubation, signalling broad industry recognition and setting the stage for enterprise adoption beyond hyperscalers.
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