OpenAI Buys AI Travel Startup Odessia as Its Service Shuts Down
Founder Francis Davidson joins OpenAI after the Odessia acquisition. The travel agent has shut down, with support available for existing trips.
Startups & Investment
Coverage of funding rounds, IPOs, mergers and acquisitions shaping the next wave of tech companies. Discover how venture capital, private equity and corporate investors identify opportunities, back innovators and influence market dynamics. This category offers a window into the business side of emerging technology and entrepreneurship.
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MegaETH Team Commits $30 Million to Products, Starting With AI
The foundation behind MegaETH is rebranding as MEGA, with a developer-focused AI inference marketplace targeted for December.
Anthropic Sets $70 to $78 Range for Up to $64.4 Billion IPO
Anthropic’s new filing outlines an 825 million-share IPO and a separate $26 billion placement, led by Google and NVIDIA with $10 billion each.
Anthropic Plans IPO Livestream With Amodei and JPMorgan’s Dimon
Dario Amodei and Jamie Dimon are expected to discuss Anthropic’s IPO on November 13, Bloomberg reports, as the company prepares its investor pitch.
OpenAI Receives $11 Billion in Funding at $1.25 Trillion Valuation
OpenAI has received about $11 billion in the first close of a funding round that could reach $20 billion at a $1.25 trillion valuation, Bloomberg reports.
AI Stock Selloff Spreads Globally as Nasdaq Futures Rebound
Nvidia, AMD and AI cloud providers led Thursday’s rout. Asian chipmakers fell Friday as US technology futures staged a tentative premarket rebound.
Anthropic IPO Buyers Discuss $1.2–$1.3 Trillion Valuation After AI Rout
Prospective investors are discussing a $1.2 trillion to $1.3 trillion valuation for Anthropic ahead of its IPO, Bloomberg reports, following the AI selloff.
OpenAI Eyes 2027 IPO as Enterprise Revenue Takes the Lead
Greg Brockman says OpenAI could be ready for a 2027 IPO as business customers generate most of its revenue, intensifying its rivalry with Anthropic.
Canada Backs Cohere With Up to C$1.6 Billion for Sovereign AI
Canada plans an equity investment of up to C$1.6 billion in Cohere, with commitments covering Canadian jobs, computing infrastructure and its headquarters.
Wall Street Rallies After Midterms as AI Stocks Face a Policy Test
US stocks rallied after Democrats won Congress, while AI shares faced a more complicated outlook for regulation, data-center growth and earnings.