Funding
Seoul-based AI chip startup FuriosaAI raised a $620M Series D at a $2.9B valuation, up from $735M in 2025 (opens bloomberg.com)
South Korea's National Growth Fund contributed $280M of the round.
News
Sources: AI coding startup Cognition weighs a new funding round before year's end after receiving offers valuing it at $70B-$80B, up from $48B in September (opens businessinsider.com)
Sources: AI coding startup Cognition weighs a new funding round before year's end after receiving offers valuing it at $70B-$80B, up from $48B in September — Just weeks after announcing a new round of funding at a $48 billion valuation, AI coding startup Cognition is fielding new investor interest…
Acquisition
Sources: the US DOJ has inquired about the impact of Nvidia's Hugging Face deal on AI competition (opens reuters.com)
Sources: the US DOJ has inquired about the impact of Nvidia's Hugging Face deal on AI competition, as antitrust enforcers continue to probe Nvidia's conduct — The US Department of Justice has made inquiries about how Nvidia's (NVDA.O) $12.93 billion deal to buy open-source platform Hugging Face …
Acquisition
Sources: Marvell is in advanced talks to buy data center optics maker Lumentum, whose market value is ~$83B (opens bloomberg.com)
Sources: Marvell is in advanced talks to buy data center optics maker Lumentum, whose market value is ~$83B; the deal could be announced as soon as next week — Marvell Technology Inc.
News
Alphabet reports Q3 revenue up 25% YoY to $127.58B, vs. $128.22B est., Google Cloud revenue up 103% to $30.7B, vs. $28.7B est. (opens s206.q4cdn.com)
Alphabet reports Q3 revenue up 25% YoY to $127.58B, vs. $128.22B est., Google Cloud revenue up 103% to $30.7B, vs. $28.7B est.; GOOG drops 9%+ after hours — MOUNTAIN VIEW, Calif. - October 28, 2026 - Alphabet Inc.
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