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Schneider Electric buys PTC for $22.6B in cash, its largest deal ever, to build an industrial s

Monday, October 5, 2026 · 4 min read

Everything that moved in AI, the news that matters, every deal, new research, podcasts, what members shipped, and what's on this week.

Deals today
8
$23.3B · 1 M&A
Members
5
4 new today
AI Lounge Index
-1.3%
last 30 days

Today in AI

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Reflection AI unveils Beam, a 501B open-weight MoE built to take on China's open models
ModelsTechCrunch
Reflection AI announced Beam, a sparse mixture-of-experts model with 501B total and 23B active parameters, pretrained on 23.8T tokens and then reinforcement-trained with 100M+ rollouts on 10,500 Nvidia GB300 GPUs.
PTC Acquisition · acquired by Schneider Electric · val. $23.7B · ~$2.5B ARR (est.)
$22.6B
SignSplit Seed · led by W Group · val. $1B
$400M
Valon Series D · led by Ribbit Capital · val. $2.3B · $200M+ contracted ARR
$150M
Namespace Series B · led by Scale Venture Partners
$42M
RobCo Secondary · led by Sequoia Capital · val. $1B
$40M
Clockwork.io Growth · led by Premji Invest
$31M
WhiteLab Genomics Series B · led by AVP
$26M
OneByZero Series A · led by Jungle Ventures
$20M

Newsletters & podcasts today

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Prime Inference 📈, agent population 📈, Claude academy 🎓 — TLDR AI 10/05
NewsletterTLDR AI
Prime Inference 📈, agent population 📈, Claude academy 🎓
FLUX 3 Image gets broader rollout
NewsletterSuperhuman AI
ALSO: How to measure your brand's AI search visibility
😺 Trump named an AI czar
NewsletterThe Neuron
PLUS: OpenAI's legal risks and China's 3% AI gap
TR
An OpenAI safety insider calls the culture 'broken'
NewsletterThe Rundown AI
OpenAI safety lead David Robinson just quit after 3.5 years at the company, announcing his exit with an essay in The Atlantic that called OAI's culture…
😺 a16z: Only 2% disclose tracked AI metrics
NewsletterThe Neuron
PLUS: OpenAI’s cyber hire, Amazon’s $1B+ pledge, and Suno Speech.
Sunday Special: Starship enters orbit for the first time
NewsletterSuperhuman AI
Keep up with the latest AI news, trends, and tools in just 3 minutes a day. Join 1,500,000+ professionals.
How OpenAI uses ChatGPT Sites (live at DevDay!) | Kath Korevec (Product Lead)
PodcastHow I AI · 36 min
Kath Korevec is a member of the Product staff at OpenAI working on Codex, and she spent over a year building and using ChatGPT Sites internally before its public launch. She’s been

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From the feed

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Welcome Lee Radloff. GTM Engineer, SaasRise · Austin
Lounge Team · new_member · ▲ 0 · 0 comments
Welcome Ricardo. Founder of Patricia.app and Betterpic.io · Brussels
Lounge Team · new_member · ▲ 0 · 0 comments
Welcome Steve Canfield. Developer, Independent
Lounge Team · new_member · ▲ 0 · 0 comments

Who joined

Directory →
Lee Radloff
corporate · Durban · Helping B2B founders and marketing leaders accelerate customer acquisition
Ricardo Ghekiere
founder · Brussels · Founder of Patricia.app and Betterpic.io
Cristian Frunze
founder · Amsterdam · Founder of Ken.so - AI email & LinkedIn outreach
Steve Canfield
developer · Tampa · Head of Design at SaasRise, building Song Cage on the side

This week's events

Calendar →
Weekly AI Founder Mastermind
Thu, Oct 8, 11:00 AM CT · https://us06web.zoom.us/j/3319253233
400 in-person AI meetups this week in 100 cities, find yours.

AI stocks

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New tools

Tools →
Viktor
Viktor · AI employee inside Slack and Teams that proposes and runs automations across 3,200+ tools.
Patricia
Patricia · AI coworker for small marketing agencies: client reporting, spend alerts, recaps and follow-ups in Slack.
Instinct
Spear Street Technology · Personal AI assistant you text or call; it runs tasks on its own cloud computer.
Member perk of the day
Perplexity · Perplexity for Startups: 3 months of Enterprise Pro (up to 50 seats) + $5,000 in Sonar API credits ($11,000 value)
Three months of Perplexity Enterprise Pro for your whole team (up to 50 seats: frontier models, deep research, file search, team workspaces) plus $5,000 of cred
Claim this perk →

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