OpenAI has cut its funding target by $10 billion and now seeks about $20 billion at a $1.25 trillion valuation, the Financial Times reported. The round has not closed.
Tap a lens to see what this story means for you.
Liked this? The Brief brings you the whole day in tech, verified, every morning.
Two minutes, free forever. What's in The Brief →
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
OpenAI CEO Sam Altman said RAM belongs in data centers rather than personal PCs because individual machines use it only five percent of the time. The comments come as OpenAI’s purchases tighten global supplies and raise prices for consumer devices.
Cohere announced the initial close of a Series E round targeting up to CAD $7 billion, which would value Cohere at CAD $35.7 billion if fully raised. The companies of Schwarz Group lead the round. Cohere calls it the largest private raise by a Canadian tech company.
According to reports, Hex has raised $100 million in a Series D at a $1.2 billion valuation while unveiling Hex 4.0. The funding gives the data platform resources to expand teams and push AI-agent workflows to more than 2,500 customers.
The New York Times sued Brave Software, alleging the browser bypasses paywalls and sells news content to AI companies without permission. The suit seeks an injunction and restitution of profits the publisher claims exceed $100 million.
NAVER has announced a $1 billion investment from NVIDIA to expand its AI factory business. The funds form part of a larger July project and will support planned spending through 2028 and beyond.
