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News
Chinese AI chip developer Enflame raises $912M in IPO
2+ day, 8+ hour ago (582+ words) UPDATED 16:54 EDT / SEPTEMBER 11 2026 Shares of Shanghai Enflame Technology Co. closed 179% higher today following an initial public offering that raised 6.12 billion yuan, or about $912 billion. The listing drew particularly strong demand from retail investors. Such investors ordered 6,109 times more shares than…...
Ayar Labs bags $150M in additional late-stage funding to help make bigger AI chip clusters
3+ day, 3+ hour ago (291+ words) UPDATED 22:36 EDT / SEPTEMBER 10 2026 Networking technology startup Ayar Labs Inc. said today it has extended its recent late-stage funding round to $650 million after raising an additional $150 million from an unnamed investor. The company originally disclosed it had raised $500 million in its…...
OpenAI targets Wall Street bankers with a new version of ChatGPT
3+ day, 3+ hour ago (315+ words) UPDATED 21:54 EDT / SEPTEMBER 10 2026 OpenAI Group PBC is going after Wall Street’s money men with a new version of ChatGPT that’s tailor made for financial tasks like analysis and calculations. It’s somewhat predictably called ChatGPT for Financial Services, and it’s designed…...
Maven Robotics launches with $100M to scale its industrial robots
3+ day, 5+ hour ago (563+ words) UPDATED 20:12 EDT / SEPTEMBER 10 2026 Industrial robotics startup Maven Robotics Inc. launched today with $100 million in Series A funding, two years after it started working with its first customer. Founded in 2024, the Santa Clara-based company began with mixed-case palletizing and tote handling,…...
Adobe shares slip as Q4 revenue guidance falls short despite a Q3 beat
3+ day, 6+ hour ago (418+ words) UPDATED 19:25 EDT / SEPTEMBER 10 2026 Shares in Adobe Inc. fell more than 1% in after-hours trading today after a third-quarter beat from the creative software company came with a fourth-quarter revenue forecast whose midpoint fell below analyst expectations. Net income on an unadjusted…...
Anthropic says AI now lets lone operators run state-level hacking campaigns
3+ day, 6+ hour ago (620+ words) UPDATED 18:50 EDT / SEPTEMBER 10 2026 Individual hackers are now sustaining campaigns that would have needed many skilled operators a year ago, because artificial intelligence has absorbed the labor that used to set state-backed teams apart. That’s according to AI model developer Anthropic…...
Defense startup Mach Industries raises $600M amid manufacturing push
3+ day, 7+ hour ago (473+ words) UPDATED 18:25 EDT / SEPTEMBER 10 2026 Mach Industries Inc. has raised $600 million in funding to expand its manufacturing capacity. The investment, which was announced today, extends a Series C round that the company closed in June. That deal included the participation of Ribbit…...
Chipmaker Positron nabs $875M to speed up inference with consumer-grade memory
3+ day, 9+ hour ago (670+ words) UPDATED 16:34 EDT / SEPTEMBER 10 2026 Positron AI Inc., a developer of inference appliances that don’t include HBM memory, today announced that it has raised $875 million in funding. NEA, Atreides Management, Valor Equity Partners, Andra Capital, SemiAnalysis Capital and Netscape Inc. co-founder Jim…...
Sales automation startup Clay boosts valuation to $7.1B in $115M funding round
4+ day, 4+ hour ago (575+ words) UPDATED 20:32 EDT / SEPTEMBER 09 2026 Clay Labs Inc., a startup using artificial intelligence to make business-to-business sales teams more productive, today announced that it has raised $115 million in funding. Wellington Management led the Series D round. It was joined by Alphabet Inc....
Harvey raises another $550M to develop AI tools for legal teams
4+ day, 7+ hour ago (609+ words) UPDATED 18:27 EDT / SEPTEMBER 09 2026 Six months after its last nine-figure funding round, Harvey AI Corp. today announced that it has raised $550 million at $15.5 billion valuation. Diffusion and Lightspeed Venture Partners led the deal. They were joined by more than a dozen…...