OpenAI reportedly raises $11B at a $1.25T valuation
Bloomberg reported on 6 November 2026 that OpenAI had raised $11 billion so far in an unclosed round valuing it at $1.25 trillion, below the $30 billion it reportedly sought.
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SenseTime launches SenseNova 6.8 Flash
On 5 November 2026 SenseTime announced the official version of SenseNova 6.8 Flash, a multimodal agent model for office and design work that offers free trial access.
Baidu releases the open-weight ERNIE 5.5 Flash Base checkpoint
On 5 November 2026 Baidu introduced ERNIE 5.5 Flash Base, an open-weight 280B-parameter mixture-of-experts pre-training checkpoint published on Hugging Face under Baidu's own license.
Fal doubles its valuation to $16B on $1.3B round
Fal, a startup that hosts and runs AI video, image and audio models, raised $1.3 billion at a $16 billion valuation, double its valuation from earlier in the year.
Six AGIBOT G2 robots run a 24-hour convenience store trial
Six AGIBOT G2 wheeled humanoid robots worked a 24-hour shift in an operating Shanghai convenience store, completing 1,730 tasks on a livestream, with four of the six passing the final assessment.
Marvell agrees to buy Lumentum in a $115B all-stock deal
Marvell agreed on 2 November 2026 to buy optical chip and networking equipment maker Lumentum in an all-stock deal valued at $115 billion including debt, one of the largest technology acquisitions on record.
AGIBOT Innovation Day 2026
AGIBOT's Innovation Day 2026 in Shanghai on 29 October 2026 introduced the Worken output metric, the AHA3 humanoid hardware architecture, the G2 Max industrial robot, Link-U OS 1.0, the GO-3 Preview and the WITA-Omni interaction model.
NVIDIA releases Nemotron 3.5 Transcribe and Granary 2
On 28 October 2026 Nvidia released Nemotron 3.5 Transcribe, an open-weight, free speech recognition model covering up to 40 languages, alongside the second version of its Granary speech dataset.
iFlytek releases device-cloud Spark X2.6
On 22 October 2026 iFlytek released Spark X2.6, a device-cloud model series, at its developer festival in Beijing. The same event also launched a speech foundation model and a digital-employee platform.
DeepSeek updates V4.1-Flash and opens its Search and Fetch APIs
On 17 October 2026 DeepSeek shipped DeepSeek-V4.1-Flash-1017, an update to its smallest model with better benchmarks, faster task completion and shorter outputs; its weights were published and its Search and Fetch APIs opened at $0.75 per 1,000 calls.
Kuaishou rolls out Kling 4.0
On 15 October 2026 Kuaishou's video generation model Kling 4.0 became available to all users, adding longer shots, more dynamic motion and Omni Reference, with a faster Flash variant released alongside it.
Physical Intelligence opens the Pi API beta
On 13 October 2026, Physical Intelligence opened a beta of the Pi API, a service that lets customers upload their own robot data, fine-tune the company's models and run cloud-hosted inference on their own machines.
MiniMax releases MiniMax-M3.1-Flash
MiniMax posted the weights of M3.1-Flash to Hugging Face on 17 October 2026. The model is a multimodal M3-line release with about 428 billion parameters, MiniMax Sparse Attention throughout, and DSpark speculative decoding.
Moonshot AI releases Kimi K3.1 Pro
In October 2026 Moonshot AI released Kimi K3.1 Pro, an open-weights upgrade for financial research, 3D modeling and coding. It was the first model in the K3.1 series.
OpenAI releases GPT-6.1 Sol at DevDay 2026
On 29 September 2026 OpenAI released GPT-6.1 Sol at its DevDay developer event, saying it nearly matched GPT-6 Astra at lower cost. A planned Astra release was withheld over safety results, and GPT-6.1 Terra followed in October.
PixVerse releases R2 and turns its world model into playable games
On 22 September 2026 PixVerse announced R2, a scaling release of its real-time world model that adds more data, tasks and input types at the same latency, and showed it running playable, prompt-editable worlds.
DeepSeek releases DeepSeek-V4.1-Flash with a causal encoder–decoder design
On 10 September 2026 DeepSeek released DeepSeek-V4.1-Flash, a multimodal model with a causal encoder-decoder design that splits its active parameters between reading input and writing output. Its KV cache is much smaller than that of the previous generation.
iFlytek releases Spark X2.5
On 7 September 2026 iFlytek released Spark X2.5, a 293B-A30B mixture-of-experts model trained and served on domestic compute, focused on code and agent tasks, with open-source on-device models supporting up to 1 million tokens of context.
OpenBMB publishes MiniCPM5-2B
On 6 September 2026 OpenBMB released MiniCPM5-2B, a dense 2-billion-parameter open model that the team describes as state of the art for its size class, released together with the UltraX training dataset.
Nvidia agrees to acquire Hugging Face for $12.93 billion
On 3 September 2026 Nvidia agreed to acquire Hugging Face for $12.93 billion. Hugging Face said it would remain an open platform, and the deal was expected to close in the first half of 2027 pending regulatory approval.
StepFun releases Step 5 Preview
In September 2026 StepFun released Step 5 Preview as its new flagship foundation model. It is a sparse MoE with 600 billion total parameters, supports up to 1 million tokens of context, and is offered through the StepFun Open Platform API.