Sunday, October 25, 2026

OpenAI cuts its valuation target to $1.25tn as it nears a $30bn round (opens thenextweb.com)

OpenAI lowered the valuation it seeks for its new round to $1.25tn from $1.4tn after some investors pushed back, the Financial Times reported.

Baba, which develops AI tools to help Medicare and Medicaid patients connect to care teams and handle advocacy tasks, raised a $40M Series A led by FirstMark (Cailey Gleeson/Fierce Healthcare) (opens fiercehealthcare.com)

Baba builds AI tools that help Medicare and Medicaid patients connect to care teams and handle advocacy tasks; FirstMark led the round.

CapitalOS, which helps vertical software platforms offer spend management, cards, and bill payment tools to SMB customers, raised a $21.9M Series A led by LGVP (Ryan Lawler/Axios) (opens axios.com)

CapitalOS lets vertical software platforms offer spend management, cards and bill payment to their SMB customers; LGVP led the round.

Show HN: Farol – A risk map of a pull request for the person who approves it (opens github.com)

Show HN: Hurston-1 open source TTS that speak Southern American and Afro-English (opens huggingface.co)

Hey HN, I’m open sourcing my Hurston-1 narrowband TTS model (Apache-2.0). It is very good with American English and does especially well with Southern American and Regional African English accents.

Show HN: ADRs for AI – Deliberation records for human–AI work, versioned in Git (opens adrs.systems)

Why is this worth your time? Essentially, this solves two problems of AI-assisted programming: (a) the first problem is how to do oversight and what do oversight of and this is solved through the ORRCF (for Options, Recommendation, Rationale, Confidence, Falsifier) question format (in which models…

Papermark Data Rooms (opens producthunt.com)

Papermark launched secure data rooms that AI agents can run, live in under 60 seconds.

AgentGrid.io (opens producthunt.com)

Shared workspace for humans and agents

IBM CEO says open weight models are now good and cheap on-prem (opens theregister.com)

Moderators of r/opensource ban submissions of projects using, made by, or intended for AI, exclude non-English speakers over AI translation concerns, and more (Terrence O'Brien/The Verge) (opens theverge.com)

The subreddit's moderators banned submissions of projects using, made by or intended for AI and excluded non-English speakers over AI-translation concerns; the new rules sparked a revolt.

Sources detail how Ramp investors Joe Lonsdale and Keith Rabois pushed US lawmakers to probe rival Airwallex's China ties after Airwallex scrapped a Ramp deal (Michael Roddan/The Information) (opens theinformation.com)

The Information reports Ramp investors Joe Lonsdale and Keith Rabois pushed US lawmakers to probe Airwallex's China ties after Airwallex scrapped a deal with Ramp.

Kimi K3.1 Pro's debut draws scrutiny over allegations that influencers were asked to promote the model without disclosing a commercial relationship to Moonshot (Carl Franzen/VentureBeat) (opens venturebeat.com)

Moonshot's Kimi K3.1 Pro scores high on third-party benchmarks, but its debut drew scrutiny over allegations that influencers were asked to promote it without disclosing a commercial relationship.

High-frequency trading firms such as Jane Street are investing in AI and chip startups and neoclouds, and building data centers to gain an edge in the AI era (Bloomberg) (opens bloomberg.com)

Firms such as Jane Street are investing in AI and chip startups and neoclouds, and some are building their own data centers.

DeepSeek and MiniMax cleared to take AI models abroad, state media says (opens thenextweb.com)

A WeChat account affiliated with state broadcaster CCTV said DeepSeek and MiniMax completed registration under the new policy and obtained open-source and overseas licensing rights.

America has lost 200k of jobs in media, film and the arts. How much is AI? (opens apricitas.io)

An 86-minute guide to finding PMF | Rob Snyder (Author, The Power of Pull) (opens lennysnewsletter.com)

Rob Snyder shares his PULL framework for finding real product-market fit.

How a Blackstone-led $2.3B private credit loan to CoreWeave in 2023 became a blueprint for chip-backed debt, which is on track to become a $1T market (Bloomberg) (opens bloomberg.com)

A Blackstone-led $2.3B private credit loan to CoreWeave in 2023 became the blueprint for chip-backed debt, which Bloomberg says is on track to become a $1T market.

Google’s AI search changes upended online publishing (opens theverge.com)

This is The Stepback, a weekly newsletter breaking down one essential story from the tech world. For more about AI's impact on the web, follow Emma Roth. The Stepback arrives in our subscribers' inboxes on Sunday at 8AM ET. Opt in for The Stepback here.

What the US Movement Against Data Centers Can Learn From Abroad (opens wired.com)

Paris Marx, author of Hyperscale, has been tracking global data center development for years. The US has a lot to learn from what’s happened everywhere from Ireland to New Zealand.