Search: “startups”

Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market

Cognition, maker of Devin, raised $2 billion at a $48 billion valuation led by a16z, Accel, and Founders Fund, with revenue at $900M annualized.

Cognition raised $2 billion at a $48 billion valuation, four months after a $26 billion round, led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avenir. Its annualized run-rate revenue grew from $492 million to $900 million since May, with projected $4-5 billion by end of 2026, while compute costs could push 2026 burn to $800 million. The startup, founded by Scott Wu, counts Mercedes-Benz, NASA, Goldman Sachs, and Citi as customers and is training its own model to cut reliance on OpenAI and Anthropic.

TechCrunch · AI·Sep 8, 21:04 UTC · 8d agoAI industry

Mistral raises €3B as sovereign AI becomes big business

Mistral AI raised a €3B Series D at a €21B+ valuation, led by Samsung Electronics, to scale European compute capacity and sovereign AI services.

French AI lab Mistral AI raised €3 billion (~$3.58B) at a post-money valuation above €21 billion, which it calls the largest equity round ever completed by a European technology company. Samsung Electronics led the round, with EQT's Scaleup Europe Fund and PSG Equity as co-leads; a16z, Nvidia, Salesforce Ventures, Advent, BlackRock, and Luxembourg also participated. The company plans to build 1 GW of European compute capacity by 2030, offer region-selectable query processing, and host third-party open-weight models as part of a sovereign AI strategy. Mistral operates in 20 countries and targets governments and enterprises seeking control over AI models and data residency.

TechCrunch · AI·Sep 8, 14:17 UTC · 8d agoAI industry

Ex-Deepmind VP Vinyals says AI self-improvement is coming but won't trigger an intelligence explosion

Ex-DeepMind research VP Oriol Vinyals says recursive self-improvement is coming but slow, and co-founds Discovery Loop with Jeff Dean to automate research.

Oriol Vinyals, former VP of Research at Google DeepMind who worked on AlphaStar, AlphaCode, and Gemini, argued at Agentic AI Summit 2026 that recursive self-improvement will progress gradually without an intelligence explosion. He identifies idea generation ('research taste') and evaluation as the two biggest bottlenecks, noting benchmarks like SWE-Bench Pro and ML-Bench mostly test the already-working steps and suffer from overfitting and scheming. He is co-founding Discovery Loop with Jeff Dean as CEO, Sanjay Ghemawat, and Quoc Le to automate the full research cycle, starting with AI research.

The Decoder·Sep 11, 17:57 UTC · 5d agoAI industry1

[AINews] Jev: a “System One Model” that only decides/classifies/routes/scores — >100x faster, >200x cheaper than small frontier LLMs

TypeSafe launches Jev, an RLCD-trained decision model claiming 20-200x faster, 40-400x cheaper classification than frontier LLMs, alongside Gemini 3.8 Live and Neon.

TypeSafe's Jev is a 'System One' decision model trained with RLCD, claiming 20-200x faster and 40-400x cheaper classification and routing than frontier LLMs with free output tokens and no hallucinated text. Google launched Gemini 3.8 Live and 3.8 Live Extended Thinking, supporting 97 languages and async tool calls, debuting #1 on Artificial Analysis' speech-to-speech index at 82.6. Periodic Labs' Neon is a ~1T-parameter XRD analysis model trained with RL on proprietary lab data using 1,300 H200s, lifting FrontierXRD success from 2.7% to 55.3% and beating GPT-6 Astra at lower inference cost.

Latent Space·Sep 16, 11:09 UTC · 22h agoModel release1

The AI policy window is open. We need to act.

OpenAI calls for mandatory national AI safety regulation and backs four California AI safety bills as capabilities accelerate.

OpenAI argues the rapid pace of AI progress, including signs of AI-accelerated research, requires urgent policy action through mandatory, capability-based national regulation. The company endorses four California bills (SB 813, AB 1405, SB 1119, AB 1864) covering independent safety assessments, AI auditor standards, youth protections, and safeguards against AI-enabled biological threats. It also commits to industry-led frontier standards, international coordination, and strengthening internal safeguards such as universal trajectory monitoring and mandatory alignment-evaluation gates for its Astra model. The post references chief scientist Jakub Pachocki's warning about recursive self-improvement and Greg Brockman's "defenders window" concept.

OpenAI News·Sep 9, 13:00 UTC · 7d agoAI policy

Meta debuts its Muse AI agent. Will consumers trust it?

Meta launched Muse, a consumer AI agent powered by Muse Spark that connects to users' apps to execute tasks like emailing, booking travel, and payments.

Meta introduced Muse, a personal AI agent for US users that connects to email, calendars, payments, shopping, and other services to execute tasks such as booking travel, lowering bills, and completing purchases via Link by Stripe. The agent runs in a dedicated Muse Secure VM with a separate Sentinel agent kept apart at the system level, and Meta claims it cannot see passwords or payment data and does not share conversations with ad systems. Muse is free to start, with Power ($20/month) and Maximum ($100/month) subscription tiers, and is available on the web, iOS, Android, and WhatsApp, with Meta AI glasses support planned. The launch follows Meta's $18 billion multistate consumer-harms settlement and comes as rivals like Gemini Spark and Claude Cowork push agentic AI.

TechCrunch · AI·Sep 8, 19:00 UTC · 8d agoAI industry 3 sources1

Apple’s Ternus era begins as Nvidia bets on the whole AI stack

Apple's John Ternus becomes CEO as Tim Cook steps down; Nvidia expands across the AI stack while a16z launches a $1.1B Machine Age fund.

Tim Cook stepped down as Apple CEO, handing the company to former hardware chief John Ternus, with Cook staying as Executive Chairman focused on policy relationships. TechCrunch's Equity podcast also unpacks Nvidia's moves to own the entire AI stack, including its Hugging Face acquisition, a MediaTek investment, and deeper compute deals. Other items include robotaxi competition (Tesla Cybercab, Waymo expansion, Zoox paid rides), Andreessen Horowitz's new $1.1 billion 'Machine Age' fund, and the $285 million GoPro acquisition.

TechCrunch · AI·Sep 4, 16:04 UTC · 12d agoAI industry

Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation

Thinking Machines, Mira Murati's AI lab, is in talks to raise $1 billion at a $40 billion valuation, with Accel reportedly leading.

Thinking Machines, the AI lab founded by former OpenAI CTO Mira Murati, is negotiating a $1 billion round at a valuation of at least $40 billion, below the $50 billion it reportedly sought last year. The company's annual revenue run rate exceeds $100 million, mostly from usage-based compute fees for its open-weight Inkling model adapted on the Tinker platform. Its prior $2 billion seed round, led by Andreessen Horowitz with Nvidia, GV, Lightspeed, and Conviction Partners, valued it at $12 billion. Several co-founders, including Lilian Weng and Luke Metz, have since returned to OpenAI.

TechCrunch · AI·Sep 3, 19:36 UTC · 13d agoAI industry

NVIDIA to Acquire Hugging Face

NVIDIA agreed to acquire Hugging Face for $12.93 billion while pledging to keep the platform open, multi-cloud and vendor-neutral.

NVIDIA announced an agreement to acquire Hugging Face for $12,930,300,000. Hugging Face hosts more than 3 million models, 500,000 datasets and 1 million applications used by over 18 million developers and 200,000 companies. NVIDIA says the platform will remain open, with no requirement to use NVIDIA compute, and will continue supporting multi-cloud and multi-accelerator development and deployment. NVIDIA is already Hugging Face's largest contributor of open models and datasets, with more than 500 models and 250 open datasets released.

NVIDIA Blog·Sep 3, 11:56 UTC · 13d agoAI industry

[AINews] Muse Spark 1.3 matches GPT-5.6-Sol, confirming Meta Superintelligence as the newest Frontier Lab, >90% discount for training

Meta's Muse Spark 1.3 reportedly ranks as the world's #3 model, matching frontier models from OpenAI and Anthropic with planned open weights.

The Latent Space AI News roundup leads with Muse Spark 1.3, promised in Zuckerberg's letter, which ranks #3 worldwide per AAII, is slated for open weights, and uses a pricing model over 90% cheaper when users opt in to training. The issue also covers the rumored Gemini 3.8 Flash launch and analysis arguing OpenAI's rumored looped-transformer 'Astra' architecture is a modest tweak rather than a breakthrough. Additional coverage includes ByteDance Seed's HarnessDev harness-evaluation benchmark, a retrieval-invoked actual-use evaluation method, Stanford's revamped agent engineering curricula, and Photon 2.1 adding TTS models and NVIDIA B200 support.

Latent Space·Sep 3, 04:38 UTC · 14d agoModel release1

[AINews] Hot Chips: OpenAI’s Jalapeño, Cerebras CS-5, Groq 3 LPX, Apple M6

OpenAI unveiled Jalapeno custom inference chip claiming 1.5-1.9x better perf-per-watt than NVIDIA GB200/GB300, deploying in-house by year-end.

At the 37th Hot Chips conference, OpenAI published first benchmark details for its custom Jalapeno inference chip, claiming 1.5-1.9x more work per watt, 1.7-3.6x lower end-to-end latency, and 2.1-4.1x higher interactive-workload performance versus NVIDIA GB200/GB300, with the 700W-rated part staying at or below 550W in tests. Deployment into OpenAI's own infrastructure begins by year-end, with Gen 2 deep in development and Gen 3 underway. OpenAI also said GPT-Astra and Codex helped write low-level kernels, reportedly 1.5-1.8x faster than human-expert code for selected attention and MoE blocks. Cerebras CS-5, Groq 3 LPX and Apple M6 were also featured at the conference.

Latent Space·Aug 27, 01:31 UTC · 21d agoAI industry

OpenAI releases ‘Aardvark’ security and patching model

CyberScoop·Oct 31, 00:43 UTC · Oct 31, 2025Model release in the wild1