Instinct raises a $1 billion Series C at a $10 billion valuation and plans to launch an invite-only AI agent in August 2026 that uses its own phone number and computer to book travel, pay bills, make purchases and cancel subscriptions.
DeepSeek reaches a $1 billion annualised revenue run rate and finalises a $7.5 billion funding round valuing it at about $74 billion, despite raising API fees by 2.3 to 4.5 times.
Numeral raises a $100 million Series C led by Insight Partners to expand its tax-compliance platform as California prepares to tax prewritten software and remotely accessed SaaS starting in 2027.
Basecamp Research raises a $140 million Series C to train AI models for designing therapeutics, beginning with in vivo cell therapy, in a round led by S32 with Nvidia’s NVentures and Anthropic’s Anthology Fund participating.
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.