Cerebras IPO targets $3.5B raise, challenging Nvidia's AI chip dominance
Cerebras plans to sell 28 million shares at $115-$125 each, aiming for a $26.6 billion valuation. The AI chipmaker's deep ties to OpenAI include a $20 billion compute deal.
18 stories tagged openai.
Cerebras plans to sell 28 million shares at $115-$125 each, aiming for a $26.6 billion valuation. The AI chipmaker's deep ties to OpenAI include a $20 billion compute deal.
OpenAI models are now available on Amazon Bedrock, ending Microsoft exclusivity. AWS also announced a $50 billion investment deal and a cloud agreement worth over $100 billion over eight years.
Global venture funding surged to $300 billion in Q1 2026, with AI startups grabbing $242 billion. The US accounted for over 80% of total AI investment, led by OpenAI, Anthropic, and xAI.

OpenAI acquires AI personal finance startup Hiro — its 15th acquisition in past year. Expands into consumer fintech and assistant use cases. Acquisition marks OpenAI's most direct move into consumer financial services.

OpenAI discloses 30 gigawatts of compute planned by 2030, dwarfing Anthropic's 7-8 gigawatts. AI infrastructure arms race accelerating as companies compete for power generation resources.

Molotov cocktail thrown at OpenAI CEO Sam Altman's home in San Francisco. Suspect arrested. Attack condemned across political spectrum as escalation from criticism to violence.

Microsoft releases three in-house AI models —MAI-Transcribe, MAI-Voice, MAI-Image —marking significant strategic shift away from OpenAI dependency. New models target speech recognition, conversational AI, and image generation markets.

Meta launches Muse Spark, most powerful model led by Alexandr Wang. Beats GPT-5.4 and Claude Opus 4.6 on vision benchmarks. Features visual chain-of-thought, multi-agent orchestration. Controversial proprietary launch.

AI fundings doubled VC deal value to $267.2B in Q1 2026. OpenAI led the surge with $122B funding round. Sullivan & Cromwell secured $1T in AI-related deals. Record quarter reflects institutional belief AI will transform multiple sectors.

OpenAI shares have fallen out of favor on secondary markets —in some cases 'almost impossible to unload.' Anthropic seeing record demand with valuations reaching ~$600 billion on secondary markets. Despite OpenAI's $122B funding round, investors pivot rapidly to Anthropic as stronger financial bet.

Mercor, $10B AI startup providing training data to OpenAI and Anthropic, confirms major data breach linked to supply chain attack on LiteLLM project; compromised by TeamPCP hacking group; exposed training methodologies and labeling protocols for AI models worth billions; Meta paused all Mercor work.

Global startup funding hit record $297 billion in Q1 2026, with AI deals dominating 80% of total deal value. OpenAI, Anthropic, and xAI raised over $130 billion combined. First quarter exceeds full-year 2024 total as AI infrastructure arms race accelerates.

OpenAI has closed a record $122 billion funding round at an $852 billion post-money valuation, cementing its position as the most valuable private company in history. The round includes $3 billion from retail investors for the first time, with backing from Amazon, Nvidia, Microsoft, and SoftBank.

Top AI and government officials tell Axios that Anthropic, OpenAI and others will release new AI models with sophisticated capabilities for hacking sophisticated systems at scale, with Anthropic proactively warning that its not-yet-released Mythos model could enable unprecedented cyberattacks.

Microsoft is on track for its worst quarter since 2008 as investor concerns about artificial intelligence disruption weigh heavily on the technology giant's stock, with AI startups like Anthropic and OpenAI threatening to replace Microsoft's software products.

OpenAI has discontinued Sora, its AI text-to-video generator, citing unsustainable economics and compute constraints. The company is pivoting the Sora team toward robotics research and world simulation as it prepares for a potential IPO.

OpenAI has flagged its dependence on Microsoft as a significant risk factor in investor documentation ahead of a potential IPO, highlighting the operational and competitive complexities of one of technology's most consequential partnerships.

Arm has announced its first own semiconductors, the Arm AGI CPU, targeting agentic AI workloads with double the performance per watt of Intel and AMD x86 alternatives. Meta, OpenAI, and Cerebras are among the first customers.