Business & Funding

A former OpenAI technical employee has urged colleagues to take liquidity through tender offers rather than wait for a potential IPO. His argument points to a broader concern: frontier AI lab valuations may be pricing in an overly optimistic future.

Okta has agreed to acquire AI identity security startup Permiso Security, in a deal TechCrunch says is valued at just under $200 million. The move highlights how identity platforms are expanding from login control to continuous monitoring of users, apps, AI agents, and machine identities.

Nscale is acquiring Anyscale to add workload scaling and orchestration software to its AI infrastructure portfolio. The deal highlights a broader shift from selling raw compute to controlling more of the AI compute stack.

Microsoft’s fiscal fourth-quarter report showed a striking split in its AI bets: a $3.2 billion gain from Anthropic and a roughly $600 million markdown on OpenAI. The numbers highlight how Microsoft’s AI strategy now spans multiple leading labs with uneven short-term financial outcomes.

Cyera has signed a letter of intent to acquire Oasis Security for about $1 billion, aiming to strengthen protection for non-human identities such as AI agents. The move underscores how enterprise security priorities are shifting as autonomous software gains access to critical systems and data.

Google’s higher spending forecast has turned AI infrastructure from a growth story into a cost-control question. Investors are now asking whether the data center build-out is racing ahead of actual returns.

Prentis, a new AI lab co-founded by Ritankar Das, Reid Hoffman and Mark Pincus, is reportedly in talks to raise $100 million at a $1 billion valuation. Its bet: automating routine computer-based office work could become a larger AI use case than coding.

Google’s revenue remained enormous in the second quarter of 2026, but its AI infrastructure bill grew even faster. The company reported its first negative quarterly free cash flow since going public.

Databricks has announced a new funding round valuing the company at $188 billion, extending a rapid valuation climb powered by its shift from data platform to enterprise AI infrastructure. The company is also using research on open-weight coding models to strengthen its AI cost-control narrative.

Apple’s trade secrets lawsuit against OpenAI could complicate the company’s hardware push and its reported IPO ambitions. The case also raises a broader question: how much trust should companies and users place in AI firms handling sensitive knowledge and data?

A related investment progress announcement from Korrun unexpectedly brought DeepSeek’s latest valuation into public view. Based on the disclosed investment ratio, the company’s post-financing valuation is estimated at about RMB 350.877 billion.

Investors are looking beyond chips and cloud platforms to the electricity infrastructure behind AI data centers. Energy IPOs are raising money at a historic pace, but post-listing performance is already uneven.