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.
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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.
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.
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.
Anthropic releases Claude Fable 5.1 and Mythos 5.1
On 1 September 2026 Anthropic released Claude Fable 5.1 and Claude Mythos 5.1. Prices stayed at $10 and $50 per million tokens, and Mythos 5.1 is offered through verification programmes.
DeepSeek-V4-Pro reaches general availability
On 13 August 2026 DeepSeek launched the general-availability version of DeepSeek-V4-Pro, with agent upgrades, adjustable reasoning effort, OpenAI Responses API support and peak and off-peak API pricing.
Lovable raises a $400M Series C at a $13.3B valuation
Lovable raised a $400M Series C on 12 August 2026 at a $13.3B valuation, led by Menlo Ventures, after users created more than 60 million projects on the platform since its November 2024 launch.
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.
Anthropic releases Claude Opus 5
On 24 July 2026 Anthropic released Claude Opus 5 at $5 and $25 per million tokens. Anthropic said it came close to Claude Fable 5's frontier intelligence at half the price.
Google releases Gemini 3.6 Flash, 3.5 Flash-Lite and 3.5 Flash Cyber
On 21 July 2026 Google announced three Gemini models at once: Gemini 3.6 Flash, a cheaper and faster 3.5 Flash-Lite, and 3.5 Flash Cyber, a security-focused variant limited to governments and trusted partners.
SpaceXAI releases Grok 4.5, co-trained with Cursor
On 16 July 2026 xAI released Grok 4.5, co-trained with Cursor, and made it the default model in Grok Build. xAI also published its coding benchmark results.
Meta releases Muse Spark 1.1 and opens the Meta Model API
On 9 July 2026 Meta released Muse Spark 1.1, an upgrade built for agentic tasks, with a 1-million-token context and access for developers through the Meta Model API in public preview.
TRAE splits into TRAE Work and TRAE IDE
On 9 June 2026 TRAE renamed its standalone SOLO agent as TRAE Work, an AI workspace for product managers, analysts, marketers and others. TRAE IDE stayed as the product for developers.
Anthropic releases Claude Fable 5 and Claude Mythos 5
On 9 June 2026 Anthropic released Claude Fable 5, its first Mythos-class model for general use, and Claude Mythos 5, the same model with some safeguards lifted for vetted partners. Both were priced at $10 and $50 per million tokens.
Mistral AI agrees to acquire physics-AI company Emmi AI
On 23 May 2026 Mistral AI said it had agreed to acquire Emmi AI, an Austrian physics-AI company whose large engineering models simulate power grids, injection moulding and car safety tests; more than 30 staff, including co-founder Johannes Brandstetter, are joining.
Isomorphic Labs raises a $2.1 billion Series B
On 12 May 2026 Isomorphic Labs announced a $2.1 billion Series B round led by Thrive Capital, money the company says will scale its business globally and push its drug candidate pipeline forward.
Ali Farhadi steps down as Ai2 CEO
In March 2026 Ali Farhadi stepped down as CEO of the Allen Institute for AI after about two and a half years in the role, and founding member Peter Clark returned as interim chief executive.
ggml.ai, the team behind llama.cpp, joins Hugging Face
On 20 February 2026, ggml.ai — the founding team of llama.cpp — joined Hugging Face, which is to provide long-term resources while ggml and llama.cpp stay 100% open source and community-run.
OpenAI releases GPT-5.3-Codex
On 5 February 2026 OpenAI released GPT-5.3-Codex for its Codex coding agent, describing it as the most capable agentic coding model to date and saying it had helped build itself. A faster research preview, GPT-5.3-Codex-Spark, followed a week later.
Insilico Medicine lists on the Hong Kong Stock Exchange
Insilico Medicine listed on the Hong Kong Stock Exchange on 30 December 2025 under code 3696.HK, raising HKD 2.277 billion in what it called the largest Hong Kong biotech IPO of 2025 by funds raised.
Lovable raises a $330M Series B at a $6.6B valuation
On 18 December 2025, Lovable announced a $330M Series B at a $6.6B valuation, with new corporate and venture investors joining as the company reported rapid growth in projects built on its platform.