Australian AI startup Heidi raises $340 million at a $900 million valuation, including a $100 million Series C led by Blackbird Ventures, to expand software that automates doctors’ clinical notes and administrative work.
Alibaba unveils its Zhenwu V900 AI chip, calling it China’s most powerful, as CEO Eddie Wu says the T-Head accelerator delivers triple its predecessor’s performance and can scale to 500,000-chip clusters for frontier-model training.
OpenAI now projects $856 billion in compute and infrastructure spending through 2030—43% above its February target—while lowering expected 2026–2030 cash burn to $278 billion as partners help finance data-center commitments.
Typesafe AI emerges from stealth with Jev, a software-to-software model it says delivers frontier-level intelligence for just over 4 cents per million input tokens, backed by $40 million and developed by former OpenAI researcher Diogo Almeida.
Manus seeks $500 million at a $4 billion valuation in its first funding round since Beijing ordered the Chinese-founded AI startup to split from Meta Platforms, with negotiations still underway.
Arcee AI raises at least $150 million in a Series B at a $1 billion pre-money valuation, with Vista Equity Partners, Cambium Capital, and Emergence Capital backing expansion of its models, products, and U.S. Department of Energy partnership.
AIUC raises a $40 million Series A led by Ribbit Capital to audit and certify AI agents, using its AIUC-1 system to test roughly 5,000 jailbreak, hallucination, and data-leak scenarios for customers including Cursor, Harvey, Lovable, and ElevenLabs.
CADDi raises a $114 million Series D at a $1.2 billion valuation to accelerate its North American push and build manufacturing-specific AI models, with Salesforce Ventures, Woven Capital and Moore Strategic Ventures joining the round.
Intel-backed construction AI startup Buildots raises $130 million, led by Eyal Ofer’s OG Venture Partners, to speed construction of data centers, chip factories and hospitals, bringing its total funding to $297 million.
SoftBank secures an upsized $11.87 billion two-year loan from roughly 20 banks for its OpenAI investment, while its shares plunge as much as 13% amid plans to repay $25.9 billion in September and potentially sell up to $20 billion in U.S. junk bonds.