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- September 25
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Moonshot AI seeks up to $50 billion valuation in pre-IPO talks ahead of possible Hong Kong listing this year
Beijing-based Moonshot AI is seeking up to a $50 billion valuation in pre-IPO fundraising starting in August after closing a $31.5 billion-valued round; the company hit $300 million ARR in June and plans a Hong Kong listing possibly before year-end.
Infinity.inc Raises $15M Seed at $100M Valuation to Build Ignition, Autonomous Agent for AI Chip Inference
Infinity.inc raised $15 million in seed funding at a $100 million post-money valuation to scale its autonomous AI agent Ignition and build software that makes any AI chip inference-ready.
Nscale Raises $2B at $14.6B Valuation, Opens Bellevue Engineering Hub and Hires Ex‑Microsoft AI Lead
British startup Nscale opened a 24,000 sq ft engineering hub in Bellevue, Washington, hiring AI infrastructure president Nidhi Chappell as it expands GPU cloud services after raising $2 billion at a $14.6 billion valuation; the company faces industry-wide power constraints that are forcing reliance on on-site generation. The Bellevue office, opening January 2027 and planned to house 250 staff, strengthens ties with Microsoft as Nscale deploys NVIDIA Vera Rubin GPUs across Europe.
Nscale opens 24,000-ft² Bellevue U.S. engineering HQ, backing expansion after $2B raise and $900M credit line
London-based data center startup Nscale, fresh off a $2 billion fundraising and a $900 million credit line, is opening a 24,000-square-foot U.S. engineering headquarters in Bellevue, Washington, slated for January 2027 and able to house up to 250 employees. The company hired former Microsoft VP Nidhi Chappell as president of AI infrastructure to lead global engineering and data center operations as it expands amid demand for AI computing infrastructure.
Liner to Provide Liner Pro AI Service to 25,000 Gyeongsang National University Students and Faculty for One Year
Liner signed a one-year contract to supply its Liner Pro AI service to all 25,000 students and faculty at Gyeongsang National University.
Moonshot AI’s New Kimi Model Sparks Washington Alarm Over Rapid Chinese AI Advances
Chinese startup Moonshot AI released a new version of its Kimi model, prompting sharp reactions in Washington and renewed concern over rapid Chinese AI advancement despite U.S. export controls. Policymakers warn the model intensifies geopolitical anxieties about potential surveillance, military uses, and economic competition, with some critics calling it 'full AI communism.'
Stanford AI Founder Offers 50% Over List in Cash to Win Potrero Hill Hacker House Near OpenAI
A Stanford-trained AI founder aggressively pursued a Potrero Hill hacker house near OpenAI’s Mission Bay campus, offering up to 50% over list price in cash to secure a startup residence. The story illustrates intense San Francisco real-estate competition tied to the AI boom.
Moonshot AI unveils Kimi K3, says model matches OpenAI and Anthropic on reasoning, coding and multilingual benchmarks
Beijing startup Moonshot AI unveiled its Kimi K3 model, claiming it matches OpenAI and Anthropic on benchmarks for reasoning, coding, and multilingual tasks, signaling rapid progress in Chinese AI despite U.S. chip export controls.
Private Fusion Funding Tops $4.48B in 2025 as Helion, Backed by Sam Altman, Signs 50 MW PPA with Microsoft for 2028
Private nuclear fusion investments reached a record $4.48 billion in 2025, driven by AI data center energy demand and energy security concerns, with 71% of fusion companies expecting commercial grid power in the 2030s. Helion Energy, backed by Sam Altman, began building its Orion plant in Malaga, Washington, secured a $465 million Series G led by Thrive Capital, and holds a binding PPA to deliver at least 50 MW to Microsoft by 2028.
Mira Murati’s Thinking Machines Releases Inkling, a 975B-Parameter Open-Weight AI Model
Thinking Machines, the startup founded by former OpenAI CTO Mira Murati, released Inkling, a 975-billion-parameter open-weight foundation model that users can download and customize. The company says Inkling rivals leading closed and Chinese open-source models on agent and customization tasks, though it trails top proprietary models overall.
Norm Ai Raises $120M Series C at $1.2B Valuation as AI-Native Law Firm Recruits Ex-Big Law Partners
Norm Ai raised $120 million in a Series C at a $1.2 billion valuation while its affiliated AI-native law firm is hiring senior lawyers from Big Law firms such as Kirkland, Ropes & Gray, and Sidley. The startup embeds legal expertise into AI agents rather than just selling software to law firms.
Bunkerhill Health raises $55 million to deploy AI agents across 15 health systems, including Cleveland Clinic and Mayo Clinic
Bunkerhill Health, founded by Nishith Khandwala and David Eng, builds AI agents to automate hospital workflows and currently partners with 15 health systems while offering operational agents and nine FDA-cleared clinical algorithms. The startup disclosed new funding this week as it focuses on using AI to solve process problems in healthcare rather than diagnosis.
Moonshot to Release Kimi K3, a 2–3 Trillion-Parameter Open-Weight Model Rivaling Anthropic’s Opus 4.8
Beijing start-up Moonshot will soon release Kimi K3, a 2–3 trillion-parameter open-weight large language model that industry sources say may outperform Anthropic’s Opus 4.8 on mainstream benchmarks, narrowing the U.S.–China frontier AI gap. The model won’t match Anthropic’s more powerful Fable, but its open availability could challenge closed, costly U.S. offerings and shift adoption toward Chinese models.
BRINC Raises $125 Million Led by Motorola to Put Autonomous 911 Drones on U.S. Police and Fire Station Roofs
BRINC raised $125 million in a round led by Motorola Solutions to deploy autonomous 911 response drones on U.S. police and fire station roofs and expand U.S. manufacturing. The Seattle startup, founded in 2019 by Blake Resnick, plans to scale production, grow staff, integrate drones with 911 dispatch and move into a larger 60,000-sq-ft facility.
Anthropic and OpenAI Equity Booms Turn Thousands of Employees into Multimillionaires as Valuations Soar
Rapid valuation growth at AI startups Anthropic and OpenAI is creating unprecedented wealth for thousands of employees—turning many into multimillionaires and deepening economic divides in San Francisco.
Motorola Solutions Leads $125M Round in BRINC as Startup Aims to Put 911 Drones on 80,000 U.S. Police and Fire Stations
Seattle startup BRINC raised $125 million in a round led by Motorola Solutions with participation from Index Ventures and Figma CEO Dylan Field, taking total funding above $280 million. The company plans to deploy 911 response drones to the roughly 80,000 U.S. police and fire stations, citing rapid revenue, production, and contract growth amid shifting U.S. rules favoring domestic drones.
Motorola Solutions Leads $125M Round for Brinc to Expand 911 Drone Manufacturing and HQ
Seattle-based emergency-response drone maker Brinc raised $125 million in a round led by Motorola Solutions to expand manufacturing, bring new products to market, and move into a larger Seattle headquarters and factory later this year. The funding comes amid U.S. restrictions on Chinese-made drones; Brinc’s valuation has nearly doubled from $480 million a year ago, bringing total funding to over $280 million.
A Peter Thiel-backed startup makes a surprising bet: Putting reporters in statehouses
State Affairs, an AI-focused startup backed by Peter Thiel and Northern California investors with $70 million in funding, hires local journalists to place reporters in statehouses, blending media and technology amid rising tensions between the industries.
Nous Research in talks for $75M funding at $1.5B valuation for open-source Hermes AI agent
Nous Research is negotiating to raise at least $75 million at a $1.5 billion valuation for its open-source AI agent Hermes, which has 214,000+ GitHub stars and ~40,000 forks and can run locally or in cloud environments for about $20/month. Hermes offers web search, code execution, image interpretation, and auto-learning skills, and the raise would more than double Nous Research’s prior $70 million in funding.
Nous Research Pursues $75M Funding at $1.5B Valuation for Hermes AI Agent with 214,000+ GitHub Stars
Nous Research is negotiating a $75 million funding round at a $1.5 billion valuation to support Hermes, its open-source AI agent with over 214,000 GitHub stars and unique auto-learning capabilities. Hermes runs on various platforms and offers features like web search, code execution, image interpretation, and fluid skill acquisition without retraining.
Seattle Startups Raise $2.7B in H1 2026 — Down 40% Year‑Over‑Year While U.S. VC Hits Record $412.7B
Seattle-area startups raised $2.7 billion across 163 deals in H1 2026, a roughly 40% drop from $4.5 billion a year earlier, as national venture funding surged to a record $412.7 billion driven largely by AI mega-rounds that Seattle’s pure-play AI companies did not capture.
Vantage Data Centers Invests $15 Billion in Oracle-OpenAI Campus, Pays $125 Million for Wisconsin Land
Developers have spent $125 million acquiring over 1,500 acres near Port Washington, Wisconsin, for a $15 billion Oracle and OpenAI data center campus by Vantage Data Centers. The land acquisitions made local farmers millionaires, although some sellers now regret selling early as property values were far below the premiums paid for power-ready land.
1X Robotics and Figure AI Compete in Robot Hands Race with Contrasting Business Models Highlighted
The article compares 1X Robotics and Figure AI in the race to develop advanced robot hands, focusing on their differing business models rather than just technological capabilities. It emphasizes that success in humanoid robotics depends more on monetization strategies than hardware sophistication.
Vinod Khosla Buys Seattle Seahawks for Record $9.6 Billion Leveraging Tax Benefits and Rising Sports Demand
Vinod Khosla purchased the Seattle Seahawks for a record $9.6 billion, driven by both the rising demand for authentic live sports experiences and significant tax advantages for billionaires owning sports franchises. This deal exemplifies how sports teams serve as valuable tax shelters amid increasing franchise valuations.
Washington Seeks to Block China from Training AI Using US Models Amid Anthropic and OpenAI Warnings
Washington is aiming to prevent China from using US-developed AI models for training, spotlighting concerns raised by Anthropic and OpenAI about 'adversarial distillation'. This issue revives longstanding debates in Silicon Valley over AI model security and intellectual property.
People
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Kevin Weil Executive, Former Vice President of OpenAI for Science, Vice President
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Vijaye Raji Executive, CTO of Applications
