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.
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.
ElevenLabs launches Eleven v4, its most expressive text-to-speech model
On 28 September 2026 ElevenLabs released Eleven v4, a text-to-speech model it calls its most emotive yet, alongside a low-latency Turbo variant; the company says it topped Artificial Analysis and was preferred by about 75% of listeners in blind tests.
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.
Suno releases v6, built with Warner Music Group, BMG and Believe
On 9 September 2026 Suno released v6, a new generation of music models built with Warner Music Group, BMG and Believe, offered in three versions and paired with safeguards that screen uploaded audio and lyrics.
Runway publishes GWM Worlds 2, a real-time interactive world model
Runway published GWM Worlds 2 on 3 September 2026, a research preview that turns high-fidelity video and audio generation into a real-time interactive world model steered by text actions and camera motion.
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.
Stability AI raises a $76 million Series B
On 25 August 2026 Stability AI announced a $76 million Series B whose investors include Sony Music, Universal Music, Warner Music, Electronic Arts and AMD Ventures, taking the funding raised under CEO Prem Akkaraju to about $232 million.
ByteDance releases Seedance 2.5
ByteDance released Seedance 2.5 in July 2026. The model generates up to 30 seconds of video per pass, offers a beta long-video mode, and can edit part of a scene without regenerating the whole clip. It is offered through an API.
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.
Black Forest Labs announces the multimodal FLUX 3
On 23 July 2026 Black Forest Labs announced FLUX 3, a model family for images, video, audio and actions. The video model became generally available on 4 August 2026.
Meta introduces Muse Image and Muse Video
On 7 July 2026 Meta Superintelligence Labs introduced Muse Image and Muse Video, its first media generation models. Muse Image launched in Meta's apps, while Muse Video entered early preview.
Shengshu releases the Vidu S1 real-time interactive video model
On 3 July 2026 Shengshu released Vidu S1, a real-time interactive video generation model that takes voice input during a video call and changes a character's expression, gestures and body movement in response.
Suno raises over $400 million in Series D at a $5.4 billion valuation
Suno announced on 3 June 2026 that it had raised more than $400 million in Series D funding, valuing the AI music company at $5.4 billion post-money, with Bond Capital leading the round.
Stability AI releases Stable Audio 3.0
In May 2026 Stability AI released Stable Audio 3.0 in four sizes, three of them open-weight. The two larger models generate up to 6 minutes 20 seconds of audio and support inpainting and continuation.
Google launches Gemini Omni for conversational video creation
On 19 May 2026 Google added Gemini Omni to the Gemini app, letting subscribers create and edit video through conversational prompts from text, photos and clips, with SynthID watermarks and C2PA Content Credentials attached to the output.
ElevenLabs passes $500M ARR and adds BlackRock, NVIDIA and others as investors
On 5 May 2026 ElevenLabs said it had crossed $500 million in annual recurring revenue and closed a third tranche of its Series D, with BlackRock, NVIDIA's NVentures, Santander and others investing.
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.