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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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.
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.
iFlytek releases device-cloud Spark X2.6
On 22 October 2026 iFlytek released Spark X2.6, a device-cloud model series, at its developer festival in Beijing. The same event also launched a speech foundation model and a digital-employee platform.
Meta releases the open-weight Muse Spark Open
On 15 October 2026 Meta released Muse Spark Open, an open-weight, natively multimodal model with 816 billion total parameters, optimised to run on Apple's Mac Studio. Its weights were published on Hugging Face.
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.
Mistral AI raises €3 billion led by Samsung at over €21 billion valuation
On 8 September 2026 Mistral AI announced a €3 billion Series D led by Samsung Electronics, valuing the company at more than €21 billion after the round.
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.
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.
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.
Mistral AI introduces Robostral Navigate for robots
On 8 July 2026 Mistral AI introduced Robostral Navigate, an 8-billion-parameter model that steers robots from camera images and spoken-style instructions, trained entirely in simulation and scoring 76.6% on a standard navigation benchmark.
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.
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.
Kunlunxin starts STAR Market IPO guidance
In May 2026 Baidu's chip unit Kunlunxin began IPO guidance for China's STAR Market while keeping its Hong Kong plan, as revenue grows and losses narrow toward break-even.
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.
Reka releases the 7B edge vision-language model Reka Edge
On 11 March 2026 Reka released Reka Edge, a 7-billion-parameter vision-language model built for physical AI on devices rather than in the cloud, with a 3.5-bit quantization format and comparisons against Qwen3.5 9B, Cosmos Reason2 8B and Gemini 3 Pro.