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Anthropic reportedly expects its IPO to match or exceed SpaceX's record $75 billion raise and could file publicly as soon as the end of this month. The company reportedly recorded an almost $42 billion net loss in 2025, about five times the previous year's figure.
Milan-based AI company Domyn raised roughly $1.1 billion, making it one of the largest financings ever announced by a European AI company. About 90% of the financing is debt and only around 10% is equity, making the capital structure the central story.
Waymo has published the architecture of its robotaxi onboard computer, offering its first detailed look inside the vehicle system. The company also introduced a custom 5-nanometer chip and identified seven suppliers supporting the platform.
Relativity Networks raised $22 million through a SAFE and secured a $40 million order from a large cloud provider. The Orlando-based company is developing fibre technology intended to accelerate connectivity inside AI data centres.
OpenAI’s Q2 2026 revenue reportedly rose to $6.7 billion, but quarterly growth slowed to 18% while operating losses expanded to $12.3 billion. Ahead of a potential trillion-dollar IPO, the company faces pressure from consumer ARPU limits, enterprise competition, falling API prices, and massive compute commitments.
OpenAI has slowed parts of its AI development to strengthen security and safeguards. The company paused reinforcement-learning training for two weeks on its latest deployment-focused models and delayed its largest planned frontier RL run.
OpenAI has introduced a monitoring system for its riskiest AI work and says it adds about 20% to the compute cost of covered workloads. The company also paused some frontier training for two weeks as part of the changes.
Kuaishou is spinning out its Kling AI video-generation model into a separately financed company, attracting investment from Tencent, Alibaba Cloud, Baidu, and other institutions at an implied valuation of $18 billion. Kling has surpassed 100 million global users and nearly 50,000 enterprise customers, but continues to generate substantial losses because of compute costs.
Nebius Group is seeking to raise $4.5 billion through convertible bonds. The company plans to use the capital as it builds data centers to meet demand for artificial intelligence services.
Meta has made Pocket, its generative AI minigame creation app, available in the US. The company describes it as a platform for making and sharing “gizmos.”