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French AI startup Mistral AI has closed a €3 billion Series D round at a valuation of approximately $24 billion, the largest equity fundraise by a privately held European technology company.
AI training-data startup AfterQuery reportedly hit a $3.2 billion valuation, a tenfold jump in five months, becoming Y Combinator’s fastest company ever to reach unicorn status.
Nvidia officially agreed to buy Hugging Face for $12.93 billion, with CEO Jensen Huang pledging the open-source AI platform will stay open to all hardware and clouds.
Nvidia has reportedly agreed to acquire open-source AI platform Hugging Face for $12.9 billion, though no signed deal is confirmed and talks could still fall apart.
Nvidia is in talks to invest in Perplexity at a valuation above $30 billion, a 50% jump from a year ago, as the AI search startup’s revenue triples on its new agent product.
Hugging Face is reportedly exploring a sale valuing it at $13 billion or more, nearly triple its 2023 valuation, though no deal has been reached and no buyer identified.
Alibaba’s profit fell about 75% in the June quarter as AI infrastructure spending jumped 75%, even as cloud revenue grew 45% and the company touted its new Qwen3.8-Max model.
Nvidia has discussed investing in Mercor, a data-labeling startup that supplies expert data for its Nemotron models, in a round that would double the company’s valuation to $20 billion.
Anthropic’s annualized revenue run rate reached $65 billion at the end of July, a sevenfold jump in seven months, as the Claude maker prepares for a potential fall IPO.
AI video startup Higgsfield raised a $400 million Series B at a $5.4 billion valuation, more than quadrupling its worth in eight months as it pushes into enterprise marketing.
Investors expect Anthropic to target a valuation of $2 trillion or more in an October IPO, which would be the largest listing in history, driven by surging revenue.
Vibe-coding platform Lovable has closed a $400 million funding round at a $13.3 billion valuation, led by Menlo Ventures and the EU-backed Scaleup Fund managed by EQT.
Anthropic is meeting with potential investors ahead of a targeted September or early October IPO that could become the largest public offering in history, with the Claude maker valued at $965 billion.
AI startups captured 53% of global venture funding in July, their lowest share since December, even as total investment reached $65 billion in a record month for mega-rounds.
NVIDIA has formed a long-term partnership with Ilya Sutskever’s Safe Superintelligence, reportedly investing $5 billion and giving the secretive AI lab access to Vera Rubin systems that will expand its computing capacity tenfold.