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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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.
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.
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.
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.
MCP publishes the 2026-07-28 specification with a stateless core
On 28 July 2026 the Model Context Protocol project published a specification built on a stateless core, turning MCP into a request/response protocol whose requests any instance behind a plain round-robin load balancer can serve.
Microsoft and OpenAI amend their deal, ending cloud exclusivity
On 27 April 2026 Microsoft and OpenAI amended their partnership so OpenAI can sell on any cloud, ending Azure's exclusivity while Microsoft keeps a non-exclusive licence to its models.
Microsoft AI releases MAI-Transcribe-1, MAI-Voice-1 and MAI-Image-2 in Foundry
On 2 April 2026 Mustafa Suleyman announced three Microsoft AI models for developers: MAI-Transcribe-1, MAI-Voice-1 and MAI-Image-2. All three became available in Microsoft Foundry and the MAI Playground, with published model cards.
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.
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.
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.
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.
Amazon launches Nova 2 and Nova Forge at re:Invent 2025
On 2 December 2025, at AWS re:Invent, Amazon released the Nova 2 family, led by the reasoning model Nova 2 Lite. The same event introduced Nova Forge, made Nova Act generally available and launched Trainium3 UltraServers.
Microsoft and Nvidia invest in Anthropic
In November 2025 Nvidia and Microsoft announced up to $15 billion of investment in Anthropic, alongside a $30 billion commitment by Anthropic to buy Microsoft Azure compute running on Nvidia systems.
OpenAI completes its recapitalisation into a public benefit corporation
On 28 October 2025 OpenAI completed a recapitalisation that turned its for-profit arm into OpenAI Group PBC, a public benefit corporation, and renamed the nonprofit the OpenAI Foundation.
Microsoft and OpenAI sign a new agreement as OpenAI recapitalises
On 28 October 2025 Microsoft and OpenAI signed a new definitive agreement as OpenAI became a public benefit corporation, redefining Microsoft's stake, IP rights and AGI terms.
OpenAI signs a $300 billion computing-power contract with Oracle
On 10 September 2025 the Wall Street Journal reported that OpenAI had agreed to buy $300 billion of computing power from Oracle over about five years starting in 2027, one of the largest cloud contracts ever signed.
Databricks closes a $1 billion Series K at a valuation above $100 billion
Databricks closed a $1 billion Series K in September 2025 at a valuation above $100 billion, weeks after signing the term sheet, and disclosed a $4 billion revenue run-rate with more than $1 billion of it from AI products.
Alibaba releases Qwen3-Max, a model of over 1 trillion parameters
In September 2025 Alibaba released Qwen3-Max, a proprietary model with over 1 trillion parameters trained on about 36 trillion tokens. It became the flagship of Alibaba's closed Max tier, released alongside several open Qwen3 models.