Funding - News Articles

OpenAI and Anthropic Race Toward IPOs as AI Revenue Soars Into Billions

May 22, 2026

Sherwood News

OpenAI and Anthropic are racing toward IPOs as both AI giants report explosive revenue growth, with OpenAI filing as soon as this week at an $850 billion valuation while Anthropic surges ahead with a projected $950 billion valuation and $10.9 billion in Q2 revenue.

Funding Business

AI Hardware Startup Hark Raises $700M in Series A, Reaches $6B Valuation Backed by Nvidia, AMD, and Intel

May 22, 2026

Bloomberg.com

AI hardware startup Hark, founded by Brett Adcock, raises $700M in a Series A round backed by Nvidia, AMD, Intel, and others, reaching a staggering $6B valuation amid intensifying competition in AI infrastructure.

Funding Hardware

Manus Co-Founders Seek $1 Billion to Buy Back AI Startup From Meta After Beijing Orders Unwind

May 22, 2026

Bloomberg.com

Manus co-founders are racing to raise $1 billion to buy back their AI startup from Meta Platforms after Beijing ordered the $2 billion acquisition unwound, with plans to restructure the company as a Chinese joint venture and pursue a Hong Kong IPO.

Geopolitics Funding Agents Business

OpenAI Races Toward IPO as Musk Loses Lawsuit and SpaceX Prepares Its Own Offering

May 21, 2026

TechCrunch

OpenAI pushes toward a September IPO backed by Goldman Sachs and Morgan Stanley, just as Elon Musk loses his lawsuit against the company and prepares SpaceX's own IPO filing, setting up a high-stakes financial rivalry between two of tech's biggest names.

Funding Business Legal

Chinese AI Models Surge to 60% Market Share as American Giants Face Valuation Crisis

May 21, 2026

CNBC

Chinese AI models are seizing over 60% market share on developer platforms, with costs up to nine times cheaper than American rivals like Anthropic, threatening the massive $800 billion-plus valuations OpenAI and Anthropic are counting on ahead of their upcoming IPOs.

Geopolitics Foundation Models Funding Business

NVIDIA Shatters Records with $81.6B in Q1 Revenue, Surging 85% as AI Demand Fuels Explosive Growth

May 21, 2026

NVIDIA Newsroom

NVIDIA shatters records with $81.6 billion in Q1 fiscal 2027 revenue, surging 85% year-over-year, as explosive AI demand drives Data Center sales to $75.2 billion while the company projects an even bigger $91 billion quarter ahead.

Hardware Funding Data Centers

Bezos Calls Space Data Centers 'Realistic' But Warns Musk's 2-3 Year Timeline Is Too Ambitious As Blue Origin Targets 2027 Orbital Launch

May 21, 2026

CNBC

Jeff Bezos calls space-based data centers 'very realistic' but pushes back on Elon Musk's aggressive 2-3 year timeline, as Blue Origin targets a 2027 launch for 'Project Sunrise,' a bold plan to deploy 51,600 data center satellites into low Earth orbit, while space stocks surge amid SpaceX's anticipated IPO at …

Space Data Centers Funding Business

AI Search Startups Surge: Exa Labs Hits $2.2B Valuation as Rivals Race to Dethrone Google and ChatGPT

May 20, 2026

TechCrunch

AI search startup Exa Labs surges to a $2.2 billion valuation after raising $250 million backed by Andreessen Horowitz, as a fierce wave of well-funded rivals — including Parag Agrawal's Parallel Web Systems — race to exploit cracks in Google's and ChatGPT's dominance of the rapidly evolving search market.

Search Funding

OpenAI Launches 'Guaranteed Capacity' Program Offering Long-Term AI Compute Access With Multi-Year Discounts

May 20, 2026

CNBC

OpenAI launches a 'Guaranteed Capacity' program letting customers lock in one-to-three-year AI compute commitments at increasing discounts, with CEO Sam Altman calling it a 'big win-win' as the company targets $600 billion in total compute spend by 2030 and eyes a potential IPO.

Cloud Computing Business Funding

Blackstone and Google Launch $5 Billion AI Computing Joint Venture Powered by Google TPUs

May 20, 2026

Blackstone

Blackstone and Google are launching a $5 billion AI computing joint venture powered by Google's Tensor Processing Units, with 500 MW of U.S.-based data center capacity expected online by 2027 and Google veteran Benjamin Treynor Sloss named as CEO.

Data Centers Cloud Computing Hardware Funding