AI News

AI news that compounds: an original headline and a one-paragraph take on every item that matters, written by the AI Lounge desk, discussed by builders.
Today in AIOct 31 · Two hosts, the day's top AI stories
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Oct 29
Government of Canada logo
Canada takes equity stake in Cohere to back secure, sovereign AI systems
Up to US$1.1 billion, with Cohere required to stay headquartered in Canada
DealsGovernment of Canada
Oct 27
Data Center Knowledge logo
Meta's $97.5 billion equity raise adds $4 billion from Nvidia and AMD
The raise follows Meta's mid-October launch of its Muse Wonder frontier models
DealsData Center Knowledge
Crypto Briefing logo
Onsemi Reportedly in Talks to Buy AI Power Chip Startup Ferric for About $1 Billion
Ferric raised $32.1 million in a Series C round in December 2024
DealsCrypto Briefing
Tech Startups logo
Anthropic Lines Up $63 Billion in Debt Financing for Broadcom Chips
Deliveries begin in 2027, with Broadcom providing residual-value support that cushions lenders against equipment losses
DealsTech Startups
Oct 26
Reuters logo
Verizon Signs Over $2 Billion AI Infrastructure Deal With AWS
Same day, Verizon also raised its annual wireless subscriber addition forecast on simplified plan demand
DealsReuters
TechCrunch logo
Microsoft Offers Voluntary Buyouts to About 60,000 Staff Amid AI Cost Cuts
Covers roughly 27% of global staff while Microsoft keeps pouring billions into AI infrastructure
DealsTechCrunch
CNBC logo
Meta Plans $95 Billion Stock Offering to Fund AI Infrastructure and Superintelligence
Nvidia, AMD and Broadcom have signaled interest in up to $5 billion of the shares
DealsCNBC
Oct 25
Lufkin Daily News logo
SpaceX Says It Closed $40 Billion in Debt Financing for Nvidia GPU Purchases
The figure rests on Elon Musk's public statement rather than a company filing
DealsLufkin Daily News
The Next Web logo
OpenAI Lowers Funding Round Valuation to $1.25 Trillion Ahead of Possible IPO
Down from the $1.4 trillion pitched in September after some investors pushed back on price
DealsThe Next Web
Oct 21
Legora logo
Legal AI startup Legora raises $550 million Series E at $8.8 billion valuation
Atreides Management led the round, with the company previously valued at $5.6 billion
DealsLegora
Oct 20
Axios logo
Hertz spins out Oro Mobility with $80 million from Cohen, Certares and Knighthead
Majority ownership stays with Hertz, while Doria Holbrook takes over as chief executive
DealsAxios
TechRepublic logo
Salesforce agrees to buy customer engagement platform Braze for $5.66 billion
Closing is expected in fiscal 2028, which begins February 1, 2027, with no date set
DealsTechRepublic
TechCrunch logo
OpenAI buys Orchestra Bio to add drug-discovery agents to its Rosalind life sciences work
Price undisclosed, as the startup's team and technology move into Rosalind Workbench for experiment planning
DealsTechCrunch
Oct 19
SecurityWeek logo
Anthropic absorbs confidential computing startup Opaque Systems through an acquihire
Earlier this year, the startup raised $24 million at a $300 million valuation
DealsSecurityWeek
The Next Web (citing Reuters) logo
OpenAI reportedly races to raise $30 billion before Anthropic's IPO
Valuation could exceed $1.4 trillion, with SoftBank and MGX reportedly in talks to join
DealsThe Next Web (citing Reuters)
TechCrunch logo
Anthropic reportedly nears a second $45 billion compute contract with Nscale
The August deal carried the same $45 billion value, and talks could still change terms
DealsTechCrunch
Technologies.org logo
Tenstorrent reportedly raises $1.5 billion at $6.2 billion valuation
Funding is meant to move the AI chip maker beyond single inference chips toward broader systems
DealsTechnologies.org
Oct 18
Anthropic logo
Anthropic commits 5% of its shares to a new public benefit fund
Subject to stockholder approval, with 2% more added for each 50% rise in company value
DealsAnthropic
Oct 17
TokenPost logo
Hut 8 signs $7 billion, 15-year Louisiana data center lease with Fluidstack backed by Google
Entergy Louisiana is supplying 330 megawatts of utility capacity to the River Bend site
DealsTokenPost