Funding

OpenAI has announced plans to acquire Pierre Computer Company, Inc. The acquisition aims to expand Codex's capabilities for building, understanding, and reviewing code.

AI inference startup Fal raised $1.3 billion in a Series F round led by Bessemer Venture Partners, doubling its valuation to $16 billion since April. The company, which hosts video, image, and audio models, surpassed $800 million in annualized revenue earlier this year amid surging demand for running open-source models.

U.S. tech giants including Google and Meta have seen their off-balance-sheet AI-related obligations grow by 90% in six months to approximately $3.2 trillion. These commitments for AI infrastructure now reach 80% of the companies' assets, raising concerns among investors over the scale of ongoing spending.

Anthropic filed an amended Form S-1 for its upcoming IPO, reporting $17 billion in third-quarter revenue and $33.24 billion in revenue for the first nine months of the year alongside a $104 billion net loss. The filing also revealed $895.4 billion in future purchase and lease commitments, nearly all of which are dedicated to compute and infrastructure.

AI startup Trajectory has raised $45 million in a Series A funding round led by Sequoia at a $300 million valuation. The company provides a publicly available platform that automates the post-training and continual learning of open-source AI models, enabling non-technical specialists to improve model performance using real-world feedback.

Oracle filed plans with the SEC to issue $10 billion in common stock and $10 billion in senior notes to fund its artificial intelligence infrastructure buildout. Following the announcement, the company's shares fell 8.8% amid investor concerns over its $125.34 billion debt load and rising credit default swap spreads.

Israeli startup 42AI emerged from stealth with $62.5 million in seed funding to develop a transformer-based "behavioral world model" designed to predict human decisions. The system is currently deployed at 10 large financial brokerages to forecast how individual traders will react to volatile market conditions by analyzing customer interactions and psychological traits.

A Bloomberg feature examines how unemployed tech workers and engineers are being excluded from San Francisco's ongoing artificial intelligence wealth boom. The report highlights this labor market divide as major AI labs like OpenAI and Anthropic approach potential initial public offerings.