Mistral AI releases Mistral Small 4
On 16 March 2026, Mistral AI released Mistral Small 4, a 119B mixture-of-experts model under Apache 2.0 that combines reasoning, image input and agentic coding in one model.
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Microsoft releases Phi-4-reasoning-vision-15B
On 4 March 2026 Microsoft released Phi-4-reasoning-vision-15B, an MIT-licensed open-weight model that combines a reasoning backbone with a vision encoder and chooses how to answer each task.
MiniMax releases self-improving MiniMax-M2.7
In March 2026 MiniMax released MiniMax-M2.7, a model with 229B listed parameters that the company described as its first to take part in its own evolution, and which posted strong scores on machine-learning, coding, science and competition-math benchmarks.
OpenAI raises $122 billion at an $852 billion valuation
In early 2026 OpenAI assembled a private funding round that grew from $110 billion to $122 billion in committed capital, closing on 31 March 2026 at an $852 billion post-money valuation, with Amazon, SoftBank, Nvidia and Microsoft among the backers.
Google releases Gemini 3.1 Pro
On 19 February 2026 Google released Gemini 3.1 Pro in preview, a model that scored 77.1% on the ARC-AGI-2 reasoning benchmark — more than double Gemini 3 Pro — and was made available the same day in the Gemini app, the Gemini API and Vertex AI.
Anthropic releases Claude Sonnet 4.6
On 17 February 2026 Anthropic released Claude Sonnet 4.6 at $3 and $15 per million tokens. It became the default model for Free and Pro users on claude.ai and Claude Cowork.
MiniMax releases MiniMax-M2.5 and M2.5-Lightning
In February 2026 MiniMax released MiniMax-M2.5 together with M2.5-Lightning, a variant that runs at 100 tokens per second. MiniMax said the Lightning version costs $0.3 per million input tokens and $2.4 per million output tokens.
Anthropic raises $30 billion at a $380 billion valuation
On 12 February 2026 Anthropic announced a $30 billion Series G at a $380 billion post-money valuation, led by GIC and Coatue, with run-rate revenue of $14 billion and Claude Code alone above $2.5 billion.
Runway raises $315 million at a $5.3 billion valuation
On 10 February 2026 Runway announced a $315 million Series E at a $5.3 billion valuation, nearly double its previous valuation, and said the money would fund pre-training of next-generation world models.
OpenAI releases GPT-5.3-Codex
On 5 February 2026 OpenAI released GPT-5.3-Codex for its Codex coding agent, describing it as the most capable agentic coding model to date and saying it had helped build itself. A faster research preview, GPT-5.3-Codex-Spark, followed a week later.
Anthropic releases Claude Opus 4.6 with agent teams
On 5 February 2026 Anthropic released Claude Opus 4.6, then its smartest model, with agent teams in Claude Code and a 1M-token context window in beta. Pricing stayed at $5 and $25 per million tokens.
Mistral AI acquires Koyeb
In February 2026, Mistral AI acquired Koyeb, a Paris-based startup offering high-performance serverless infrastructure. It was Mistral's first acquisition and brought 13 employees, with Koyeb's product and expertise to support environments such as sandboxes and MCP servers.
xAI releases Grok 4.20 with a multi-agent mode
Grok 4.20 was released in February 2026, the month xAI became a SpaceX subsidiary. Its multi-agent version, in which agents collaborate on deep research, went live in the API in March 2026.
Amazon leads OpenAI's $110 billion funding round with $50 billion
In February 2026 OpenAI raised $110 billion at a $730 billion valuation, led by Amazon's $50 billion — at the time the largest private technology fundraise in history — a round that later closed at $122 billion.
Alibaba unveils its Zhenwu PPU chip
On 29 January 2026 Alibaba's chip unit T-Head listed the Zhenwu 810E, formally revealing a PPU accelerator the company had kept under wraps and completing its combination of Qwen models, cloud and chips.
Baichuan releases the open Baichuan-M3 medical model
On 13 January 2026 Baichuan released Baichuan-M3, a new-generation open-source medical-enhanced LLM, at a media briefing.
Apple and Google announce Gemini-based collaboration for Apple's foundation models
On 12 January 2026 Apple and Google announced a multi-year collaboration in which Google's Gemini models and cloud technology would underpin Apple's next generation of foundation models, while Apple said its privacy standards would stay unchanged.
Databricks raises over $4 billion Series L at a $134 billion valuation
On 16 December 2025 Databricks announced a Series L of more than $4 billion at a $134 billion valuation, up 34% from its August 2025 round, alongside a $4.8 billion revenue run-rate.
OpenAI releases GPT-5.2 after a "code red"
On 11 December 2025 OpenAI released GPT-5.2 in Instant, Thinking and Pro versions, billing it as stronger at professional work and reporting scores that, on OpenAI's GDPval evaluation, matched or beat human experts.
Runway announces GWM-1, its first world model
On 11 December 2025, Runway announced GWM-1, a general world model that simulates environments in real time, released in Worlds, Avatars and Robotics variants and built on the company's Gen-4.5 model.
Mistral AI releases Devstral 2 and the Mistral Vibe CLI
On 9 December 2025 Mistral AI released Devstral 2, a 123B dense coding model, and the smaller Devstral Small 2, alongside Mistral Vibe, an open-source command-line coding agent built on them.