Lovable Doubles to $13.3B, Cognition Eyes $40B as AI Coding Valuations Surge
Two AI coding startups are repricing at extraordinary speed — Lovable doubling its valuation to $13.3 billion and Cognition eyeing $40 billion less than three months after hitting $26 billion — trajectories grounded in rapid reve…
Google Launches Gemini 3.7 Flash With Coding Gains and 50% API Price Cut
Google launched Gemini 3.7 Flash on August 13, replacing Gemini 3.6 Flash just three weeks after that model's release. The company is positioning the update as its "most intelligent workhorse model" for coding an…
Anthropic in Talks to Acquire Decart for About $6 Billion
Anthropic is in talks to acquire AI startup Decart for approximately $6 billion, according to Bloomberg, citing people familiar with the matter. Decart offers real-time generative video and GPU optimization technology [S…
DeepSeek V4 Pro Hits General Availability With 1M Context Window
DeepSeek has pushed its V4 Pro model to general availability, versioned as DeepSeek-V4-Pro-0813, upgrading the April preview release to a full production offering. The flagship model ships with a 1M-token context window a…
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RANKED · 10 THIS DAYAnthropic Investors Model $2T+ IPO Valuation for October Listing
Anthropic's investors expect the AI lab to go public in October at a valuation of $2 trillion or more, a figure that would surpass SpaceX's $1.77 trillion IPO in June and make it the largest initial public offering in history…
Cognition in Talks to Raise at $40B Valuation, Double May's Mark
Cognition, the maker of AI coding agent Devin, is in early discussions with investors to raise more than $1 billion at a valuation of at least $40 billion, according to Bloomberg, as reported by TechCrunch on August 12[SR…
OpenAI Replaces CRO Dresser With Wiz COO Dali Rajic
OpenAI has named Dali Rajic, president and chief operating officer of Wiz, as its new chief revenue officer, replacing Denise Dresser after roughly nine months in the role. Dresser, a former Slack CEO, was hired in December 2025 a…
Databricks Closes $5B Round at $190B Valuation, Crosses $7B Revenue Run Rate
Databricks on August 13 closed a $5 billion funding round at a $190 billion valuation, its second $5 billion raise in six months, after a prior round valued the company at $134 billion. The company said it has cr…
Tencent Capex Nearly Triples as AI Strategy Takes Shape Across Models, Apps, Infrastructure
Tencent nearly tripled its capital spending in the second quarter of 2026 to accelerate its AI buildout, reporting revenue of 204.8 billion yuan (US$30.4 billion) for the quarter ending in June — up 11% year on year from 184.5 billion yuan…
Qwen Architect Lin Junyang Founds Pragmatik Labs at $2B Valuation
Lin Junyang, the former technical lead of Alibaba Group Holding's Qwen model family, has founded Pragmatik Labs in Shanghai with a $2 billion valuation at angel stage. The company has no announced product, user base, or revenue [S…