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.
PFN releases a 53-language translation model built with NICT
On 26 October 2026 PFN released the weights of PLaMo 3 Translate, a 53-language translation model built on a base model from joint research with NICT, in four sizes from 0.8B to 31B and several quantised formats.
IFM and Inception42 release the six-model Jais 3 family
On 15 October 2026, IFM and Inception42 announced Jais 3, six Arabic-centric language models from 900 million to 375 billion parameters plus a speech recogniser, evaluated on 24 audited Arabic benchmarks.
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.
IFM launches the six-model K2 Horizon fleet
On 3 September 2026 the Institute of Foundation Models announced K2 Horizon, a fleet of six models released together, each shipped with its training data, recipe and evaluations, and steered by a router that picks the cheapest adequate model per task.
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.
Alibaba releases Qwen3.8-Max, a 2.4-trillion-parameter model
Alibaba released Qwen3.8-Max, a 2.4-trillion-parameter model, as a cloud service on 3 August 2026, and published open weights for a variant of it on 12 August 2026.
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.
OpenAI confidentially files for an IPO
On 8 June 2026 OpenAI confirmed it had filed confidentially for an IPO with the US SEC, against a 2025 operating loss of $20.92 billion and annualised revenue above $20 billion. The listing was later pushed to 2027.
Jury rejects Elon Musk's lawsuit against OpenAI
A jury in Oakland ruled for OpenAI, Sam Altman, Greg Brockman and Microsoft on 18 May 2026, finding that Elon Musk's claims were filed too late under the three-year statute of limitations. Musk says he will appeal.
Baidu releases ERNIE 5.1
Baidu released ERNIE 5.1 on 9 May 2026, a model derived from ERNIE 5.0's pre-training with about a third of its total parameters and much lower training cost, after a preview build topped Chinese models on LMArena.
StepFun completes a US$2.5 billion round ahead of a Hong Kong IPO
In May 2026 The Standard reported that StepFun had completed a funding round of about US$2.5 billion ahead of a planned Hong Kong listing, after converting into a joint-stock company in April.
Anthropic raises $65 billion
In May 2026 Anthropic raised $65 billion at a $965 billion valuation, a Series H round that mixed new capital with $15 billion of earlier hyperscaler commitments, including $5 billion from Amazon.
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.
Shengshu Technology raises nearly 2 billion yuan in Series B
Shengshu Technology announced a Series B round of nearly 2 billion yuan led by Alibaba Cloud, money it says will go to foundation world models for both digital generation and physical action.
LG AI Research open-weights its first vision language model, EXAONE 4.5
On 9 April 2026 LG AI Research released EXAONE 4.5, its first open-weight multimodal model: a 33B vision-language system aimed at document understanding, with a 256K context window and the earlier EXAONE licence.
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.