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According to a source, Modal Labs is nearing a 750 million dollar funding round led by Accel at a valuation of 15.75 billion dollars, compared with 4.65 billion four months ago. The company did not comment on the talks.
AMD has released further details on its $8.2 billion acquisition of World Labs: it is an all-stock transaction, with co-founders and funding history clarified. Fei-Fei Li will become AMD's Chief Scientist, with closing expected by the end of 2026.
New: World Labs co-founders: Justin Johnson, Christoph Lassner, Ben Mildenhall; World Labs had initial funding of $230 million, including an investment from AMD; Marble generates 3D spaces using Gaussian splats technology; Applications include film production and game development; AMD was one of the earliest investors in World Labs in 2024
Venture funding for climate technologies reached a record $14 billion in Q1 2026, driven mainly by energy sectors supporting AI data centers. According to TechCrunch, however, this is diverting attention from other climate solutions outside the AI trend.
China, Africa's largest bilateral lender, is expanding access to key raw materials for AI hardware – copper and germanium from the DRC and Namibia – thereby strengthening its own position in global AI infrastructure.
Shares in MongoDB fell by 17 % after its CEO Chirantan Desai left to lead the new Meta Enterprise Platform. The unit builds on the Muse agent and is intended to sell AI tools to businesses; Meta has not yet announced pricing or exactly how it will work.
New: MongoDB loses 17% per share after Desai leaves the company; The initiative builds on Muse, which was launched earlier in the month
Startup Modulate has raised $25 million to develop voice models for detecting deepfake voices, analyzing emotions, and monitoring compliance of AI agents in regulated industries.
Insurtech startup Outmarket has raised $34.5 million in a Series B round led by SignalFire, at a valuation of $355 million. The tool automates commercial insurance administration and has over 300 agencies as customers.
Atlassian CEO Mike Cannon-Brookes rejected the SaaSpocalypse theory on the Decoder podcast and claims that AI is increasing the use of Jira and Trello. The company carried out layoffs this year due to a change in the team's "skills mix."
Part of an overview of multiple AI topics; only this event has been covered.
Noah Shinn, the founder of Instinct, said in a podcast that over 50 % of transactions on the platform are travel-related, annual volume is approaching 1 billion dollars and growth is 10 % daily. The company recently raised a Series C round of 1 billion dollars at a valuation of 10 billion dollars.
New: More than 50% of transactions on the Instinct platform are travel bookings; The platform reaches approximately $1 billion in annual transactions; The platform achieves daily growth of 10%; The information comes from a primary source – a podcast featuring founder Noah Shinne
A McKinsey survey shows a year-on-year increase in companies' AI costs of 5 to 600 percent due to the operation of AI agents. A fifth of companies have limited consumption as a result, yet more than 60 percent still plan to increase investment.
According to a survey among 160 IT vice presidents (Azeem Azhar), two thirds report measurable AI results, but only about eight would consider them significant enough to interrupt the CEO's vacation. The situation around the AI bubble remains, according to Azhar, "very balanced."
According to an analysis by The Conversation, a new category of work is emerging called AI remediation – people checking and correcting erroneous outputs from language models. White-collar workers in finance, tech and retail report that this is actually adding to their workload.
Oracle sent a force majeure notice to the developer of Project Jupiter (the Stargate data center in New Mexico) over pipeline and permitting delays. It allows Oracle to defer payments if the center does not come online by 2028.
Tokyo-based startup Sakana AI has appointed Jürgen Schmidhuber as Chief Scientific Advisor. He will lead a new RSI lab focused on self-improving research systems for machines.
ElevenLabs is valued by investors at $22 billion, with revenue of $600 million ARR, of which over 55% comes from the enterprise segment. CEO Mati Staniszewski told TechCrunch that he is willing to lower margins in favor of growing market share.
Cal AI, the AI-powered diet-tracking app co-founded at age 17 by Zach Yadegari, has reached 15+ million downloads and $30 million in annual revenue. In December 2025 it was acquired by MyFitnessPal; the app remains standalone with the same team.
Biotech company Enveda raised $311 million in a Series E round at a $2 billion valuation. The round was led by Catalio Capital Management, with participation from Iconiq. The company is testing drugs derived from plants and microorganisms in clinical trials.
The company Nscale does not mention its largest customer, the company Bytedance, which accounted for 73 percent of its revenue in 2025, in its documentation for its IPO in the US. Bytedance accessed AI computing via its subsidiary Spring and Nvidia B200 chips in Norway.
Basecamp Research raised $140 million from investors including S32, Nvidia, and Anthropic's Anthology Fund to develop EDEN AI models, trained on microbial DNA, for designing antibiotics and gene therapies.
OpenAI is establishing a Creator Product division led by Sam Yam, co-founder of Patreon, and aims to present the first preview of new tools for content creators at DevDay on 29 September 2026. The former heads of product and engineering also left Patreon alongside Yam.
New: OpenAI DevDay is scheduled for 29 September 2026; Patreon reduced its workforce by 20% and is restructuring its product; Sam Yam is CTO and co-founder of Patreon; Drew Rowny and Shannon Ma stepped down from Patreon in recent weeks; OpenAI is entering the creator monetization business
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