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.
Ai2 introduces Olmo Hybrid
On 5 March 2026 Ai2 released Olmo Hybrid, a fully open 7B model that stacks Gated DeltaNet linear-RNN layers with attention layers in a 3:1 ratio and reaches Olmo 3's MMLU accuracy with 49% fewer training tokens.
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.
TSMC CoWoS packaging stays sold out as AI demand outruns capacity
TSMC's CoWoS advanced packaging places logic dies and HBM stacks on a silicon interposer; capacity remains sold out, and TSMC is expanding in Tainan and Chiayi while developing panel-level CoPoS.
Cambricon MLU 690 enters mass production
Cambricon's next flagship cloud training chip, the MLU 690, entered mass production in early 2026, pairing a dual-die package with more than 700 TFLOPS of FP16 compute and 196 GB of HBM3 memory.
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.
Hugging Face announces Transformers v5
On 1 December 2025 Hugging Face released Transformers v5.0.0rc0, the first major version since v4 in November 2020. The library grew from about 40 architectures to more than 400.
Yann LeCun leaves Meta to found an AI startup
On 19 November 2025 Yann LeCun confirmed that he would leave Meta after ten years to found an AI startup focused on advanced machine intelligence. Meta was to be a partner of the new company.
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.