OpenAI has hired bankers and lawyers for a possible late-2026 IPO, but Sam Altman now signals a 2027 listing as AI-safety concerns, volatile tech stocks, and the company’s financial challenges make a near-term debut imprudent.
Z.AI raises fresh capital by offering 21.97 million shares at HK$714—10% below the prior close—and selling 20.14 billion yuan of zero-coupon bonds due in September 2027, some carrying yields as low as minus 0.5%.
Mach Industries raises a $600 million Series C extension after paying $50 million in cash and equity for Exquadrum, outbidding at least eight suitors and expanding into solid rocket motors through its new Mach Energetics unit.
Alibaba is in talks to lead a $300 million funding round for AI training and benchmarking startup UniPat AI, with Tencent and HSG joining as terms remain subject to change.
Listen Labs stuns the venture world by walking away from a signed $125M Series C term sheet, reportedly driven by Salesforce's ongoing talks to acquire the voice AI startup for approximately $2 billion.
Harvey secures a massive $550M funding round at a $15.5B valuation, now powering 80% of top U.S. law firms as it aggressively expands its AI-driven legal platform globally.
Qualcomm and Amazon ink a landmark $4 billion AI chip deal, with AWS gaining warrants to purchase 25 million Qualcomm shares as part of a multi-generational partnership targeting Nvidia's dominance in the data center market, potentially unlocking up to $60 billion in chip purchases.
French AI startup Mistral secures a record-breaking €3B Series D funding round, valuing the company at over €21B in the largest European tech fundraise ever, just three years after its founding, with Samsung Electronics leading the round to fuel global expansion and sovereign AI development.
OpenAI launches Astra, a powerful cybersecurity AI capable of identifying zero-day exploits, while simultaneously cutting ties with Cursor following SpaceX's acquisition of the coding tool, and Nvidia makes its biggest move yet by acquiring open-source AI hub Hugging Face for $13 billion.
ByteDance, with founder Zhang Yiming personally at the helm, is set to launch a real-time spatial video AI model for Pico headsets as soon as next month, rendering interactive 3D cloud environments at 50ms latency while outspending rivals three to four times as part of a massive AI expansion backed …