AI
🔥 DeepSeek Asked for $7 Billion. The Checks Came Back at $12 Billion.
DeepSeek went out for about $7 billion and investors came back with at least $12 billion, in a Tencent- and CATL-led round ahead of a planned 2027 IPO.
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🔥 Google Flew Four AI Chips to Orbit. They Only Run 15 Minutes at a Time.
Google flew four Trillium TPUs into orbit on October 1 for Project Suncatcher. The chips survived radiation, but the real wall is an 18x launch-cost gap and 15-minute compute bursts.
AI
🔥 Instinct Quadrupled to $10 Billion in a Month — No App, No User Count
Instinct, a 23-year-old founder's invite-only AI assistant, raised $1B at a $10B valuation — 4x its price from a month earlier, with no app and no public user numbers.
AI
🔥 One in Six U.S. Apartments Already Runs This AI — and It Just Hit $4 Billion
EliseAI's software already runs one in six U.S. apartments. Its new $350M round at a $4B valuation, led by a16z and Bessemer, is a bet that the biggest AI money hides in the admin work of housing and healthcare.
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🔥 The $6.2 Billion Bet That Your Game Clips Can Teach Robots to Move
General Intuition just closed $220M at a $6.2B valuation, betting that billions of gameplay clips a year can teach robots and self-driving cars how to move.
AI
🔥 AMD Paid $8.2 Billion for a Two-Year-Old Startup. The Chips Weren't the Point.
AMD is paying $8.2 billion in stock for Fei-Fei Li's World Labs — a ~40-person, two-year-old startup — to buy its way into spatial AI and take a swing at Nvidia.
AI
🔥 Snorkel AI Just Tripled to $3.5 Billion Because the Models Ran Out of Homework
Snorkel AI closed a $350M Series E at a $3.5B valuation, tripling in 16 months on a $375M revenue run rate. The bottleneck in AI is no longer compute, it's data hard enough to make models smarter.
AI
🔥 Anthropic Is Paying Akamai $11.6 Billion — and Not for a Single GPU
Anthropic will pay Akamai $11.6 billion over seven years — potentially $20 billion — for CPU cloud capacity to run Claude, and handed over a warrant for up to 5% of the company.
AI
🔥 Doctors Pay $0 for the AI Now Worth $15 Billion. Pharma Pays the Rest.
OpenEvidence raised $250M at a $15B valuation for an AI clinical-search tool that's free to the ~40% of U.S. doctors who use it — with pharma ads footing the bill.
Biotech
🔥 Basecamp Research Raised $140M to Teach AI the 99% of Biology Nobody Ever Sequenced
Basecamp Research raised a $140M Series C led by S32, with Anthropic and Nvidia backing an AI trained on DNA from over a million barely-studied species to design medicine from scratch.
AI
🔥 Snorkel AI Grew 18x in a Year Selling the One Thing AI Labs Can't Get Enough Of
Snorkel AI raised $350M at a $3.5B valuation after its revenue jumped ~18x in a year selling the expert training data, rubrics, and RL environments AI labs are starved for.
AI
🔥 AMD Just Cracked $1 Trillion — and OpenAI Holds a Warrant for a Tenth of It
AMD's market value pushed past $1 trillion for the first time as AI chip demand — and warrant deals with OpenAI and Meta — sent the stock up nearly 10%.