Funding

Databricks Raises $4 Bn in Series L Funding; Tops $4.8 Bn Revenue Run-Rate, Secures

The Q3 performance included more than $1 billion revenue run-rate each from its AI products and its data warehousing business.

Acquisition

Red Hat Buys Chatterbox Labs to Boost AI Safety and Trust in Hybrid Cloud Platforms

The move expands the Red Hat AI portfolio, enhancing its ability to support responsible, production-grade AI deployments across hybrid cloud environments.

AI Models

NVIDIA Unveils Nemotron 3 to Power the Next Wave of Multi-Agent AI Systems

The Nemotron 3 lineup includes Nano, Super and Ultra models built on a hybrid latent mixture-of-experts (MoE) architecture.

AI Models

OpenAI Rolls Out Major Upgrade to ChatGPT Images to Rival Google's Nano Banana

The update, now available in ChatGPT and as the GPT Image 1.5 API.

Acquisition

ServiceNow Completes Moveworks Acquisition to Build an AI-Native Front Door for Enterprise Work

The deal was first reported in March this year.

Funding

AI Drug Discovery Startup Chai Discovery Becomes Unicorn After $130 Mn Funding Round

Chai Discovery plans to use the fresh capital to expand research efforts and accelerate commercialisation.

Acquisition

NVIDIA Buys Slurm Creator SchedMD to Power the Backbone of AI and Supercomputing

NVIDIA said it will continue to develop, distribute and support Slurm as vendor-neutral open-source software.

AI News

Grok Under Fire for Spreading Misinformation After Bondi Beach Shooting

Grok published multiple posts that misidentified the bystander who intervened during the attack.

AI News

Mira Murati’s Thinking Machines Makes Tinker AI Generally Available

Tinker is designed to simplify and lower the cost of fine-tuning large language models, a process used to tailor general-purpose AI models for specific tasks.

AI Startups

[Exclusive] Meta to Back Yann LeCun’s New AI Venture with Strategic Compute Support

He plans to build a startup focused on Advanced Machine Intelligence (AMI).

Funding

NeoSapien Raises $2 Mn to Develop AI Wearables in India

The funding will be used to accelerate product development, expand market visibility, and build out the company’s engineering, design and go-to-market teams.

Acquisition

ServiceNow Nears Deal to Buy Cybersecurity Startup Armis for Up to $7B

If completed, the acquisition would likely be the largest in ServiceNow’s history and deepen its footprint in cybersecurity amid rising digital threats.