Funding
Sources: Baseten is raising ~$2B in two tranches, one valuing it at $26B and the other at $30B (Bloomberg) (opens bloomberg.com)
Bloomberg reports the inference company was valued at $13B in June after raising $1.5B.
Top stories
Funding
Filing: Vancouver, WA-based Powerlattice, which makes a power delivery chiplet to reduce AI compute power needs by 50%+, raised $86M (opens geekwire.com)
Powerlattice makes a power delivery chiplet it says cuts AI compute power needs by more than 50%; it raised $31M in 2025.
Funding
Sources: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target (opens wsj.com)
The WSJ reports about $11B committed so far at a $1.25T valuation, below the $30B and $1.4T first targeted; the FT says OpenAI now seeks about $20B as some investors cut commitments amid an AI selloff.
Watch and posts
From the people and companies in today's storiesFunding rounds
Funding
Ex-Palantir execs launch Dream with $17M from a16z to build AI world models for construction (opens techcrunch.com)
Dream's world model is trained on more than 100 million square feet of building data from US permit archives.
Funding
Seattle-area startup Group14 raises $169M, plans battery materials factory in Spain (opens geekwire.com)
Group14 plans a battery materials factory in Spain and now expects its delayed Moses Lake factory's first module online in mid-2027.
Launches
Launch
Axonnic: Muscle-sensing sleeves for robot training (opens ycombinator.com)
Track finger movement and estimate fingertip force while people work.
Launch
Google’s first data center satellite is online and writing poetry (opens techcrunch.com)
The first TPU in space is running a Gemma 4 model on Google's data center satellite.
Launch
Apple Intelligence is finally coming to China with iOS 27.3 (opens theverge.com)
Apple's first AI features reach China with iOS 27.3 in December, with Alibaba's Qwen model inside Siri, Writing Tools and Visual Intelligence.
Launch
Viraj Aero: The gas turbine that powers and cools data centers (opens ycombinator.com)
Aeroderivative turbine gensets that make power and water on-site, so data centers don't wait on the grid.
News
See all 16 →
News
Backdoor in Claude Code for VS Code extension on the Cursor Marketplace (opens phorion.io)
A tampered copy of the Claude Code extension was published on Cursor's marketplace. Anthropic says a malicious actor used access to that marketplace and that its own systems and employee laptops were not compromised.
News
Anthropic may not secure investment-grade rating after IPO, Blackstone says (opens ft.com)
Blackstone forecasts Anthropic will get a high junk rating rather than investment grade after its IPO, which would make raising debt for its spending harder and costlier.
News
The Week’s 10 Biggest Funding Rounds: Physical AI And Predictions Lead The Lineup (opens news.crunchbase.com)
Led by manufacturing startup Re:Build's $2.1 billion and Kalshi's $1 billion.
News
OpenAI, Google, Microsoft, and Anthropic say they will adopt a new standard that publishers can use to opt out of being scraped by AI (opens theverge.com)
OpenAI, Google, Microsoft, and Anthropic say they will adopt a new standard that publishers can use to opt out of being scraped by AI across multiple crawlers — The new control will allow publishers to apply their AI training preferences across multiple crawlers.
Discussions
Analysis and trends
AnalysisOpinion
Cracks are emerging in the AI spending boom (opens techcrunch.com)
Big Tech is pouring billions into AI infrastructure, but mounting debt, negative cash flow, and growing investor skepticism are raising questions about the sustainability of the AI spending boom.
AnalysisOpinion
New Founder Archetypes in the AI Age (opens a16z.news)
What types of founders will thrive in the new cycle
AnalysisOpinion
The hidden threat in Anthropic’s prospectus: diseconomies of scale (opens siliconangle.com)
Anthropic's prospectus lists 88 risk factors over 93 pages; this analysis argues the hidden one is diseconomies of scale.
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