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OpenAI advances roughly $30 billion funding round, aiming to lock in investors ahead of Anthropic's IPO

According to Reuters, OpenAI is accelerating a roughly $30 billion funding round, targeting a valuation above $1.4 trillion, seeking to lock in investors before Anthropic's expected mid-November IPO; existing investors including SoftBank and Abu Dhabi's MGX are in talks to participate. OpenAI told investors that growth accelerated after the release of GPT-6 Astra, with annualized revenue already at $50 billion and expected to rise to $70 billion by year-end; Anthropic said its third-quarter revenue rose from $11.6 billion to $16.8 billion, but slowing month-over-month growth has raised valuation concerns. The two also differ on revenue recognition: OpenAI recognizes revenue on a net basis and has accused Anthropic of recognizing revenue on a gross basis under third-party cloud vendor contracts.

Idealab founder Bill Gross opens free access to 1.2 million AI-generated business ideas

Idealab founder and CEO Bill Gross has launched idealab.ai, offering free access to 1.2 million AI-generated business ideas. These ideas were generated by combining 31 ideation methodologies with roughly 17 million source documents, including news articles, research reports, expired patents, public company filings, and community discussions. Users can search by industry, skill, interest, and region, and can also upload a résumé or LinkedIn profile to receive personalized ideas. Gross believes the surge in entrepreneurship brought about by AI can partially offset its impact on employment.

Evaluate the entire inference stack, not just open-source model benchmarks

Ryan Hanrui Wang, Senior Vice President of Applied AI at Nebius, points out that public benchmarks only reflect a model's best-case performance and cannot show whether agents can accurately complete tasks in production environments; therefore, the entire inference stack should be evaluated using internal benchmarks and harnesses. Nebius acquired inference optimization startup Eigen AI for approximately $643 million and provides inference services through its Token Factory platform. He recommends using a large model as a reference to scan multiple models and find the scale sweet spot; for example, 10B parameters may already be sufficient for customer service tasks, while 100B or even 1T parameters bring only marginal accuracy gains.

Blackwall Raises $100M Series C at a $2.2B Valuation to Expand Its Network Traffic Optimization and Management Platform

Estonian cybersecurity and network traffic management company Blackwall has raised a $100 million Series C at a $2.2 billion valuation, led by AVP, with participation from Dawn Capital, MMC Ventures, and Tera Ventures. Its flagship product, GateKeeper, filters malicious bots, application-layer DDoS attacks, and brute-force login attempts before traffic reaches customer applications, and also offers firewalls, load balancing, and optimization tools that distinguish legitimate traffic from AI traffic. The company was formerly named BotGuard and rebranded as Blackwall in March 2025 alongside its Series B funding; the new funds will be used for global expansion and deepening the platform.

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Salesforce Announces $5.66 Billion Acquisition of Marketing Automation Company Braze

Salesforce announced it will acquire marketing automation company Braze for $5.66 billion in cash, or $47.5 per share, a premium of about 58% over Braze's previous closing price. Braze's revenue grew 26% year over year last quarter to $227.2 million; its platform aggregates customer data through more than 190 prebuilt connectors and offers BrazeAI to automatically generate marketing materials and Agentic Standards to set constraints for AI-generated campaigns. Salesforce plans to use its technology to enhance Marketing Cloud's cross-channel personalization capabilities, and the deal is expected to close in its fiscal year 2028.

Dell CTO John Roese: The key to the AI operating model is not the model, but the enterprise's proprietary knowledge

Dell Global CTO and Chief AI Officer John Roese said that if enterprises merely deploy AI agents without changing their operating model, they will only be running their business the old way, resulting in a poor experience. Dell has spent nearly two years running fully autonomous agents internally, by having domain experts encode company practices into machine-readable Markdown skill files so that the agents work according to Dell's rules and preferences. Roese emphasized that an enterprise's moat is not the tools or even the models, but this proprietary knowledge, which should therefore stay in-house rather than be handed over to third parties.

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Otter.ai Raises $320 Million to Fund Its AI Meeting Assistant

Otter.ai announced it has raised $320 million, with all funding coming from General Catalyst's Customer Value Fund, which takes no equity and instead shares in the revenue it helps generate. Its AI meeting assistant supports speaker-identified transcription, one-page summaries and action items, and can provide files to chatbots such as ChatGPT through an MCP server. The platform has more than 40 million users worldwide and reaches employees at over 86% of Fortune 500 companies.

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Eka Robotics raises $150 million at a $14.5 billion valuation to build robotic hands with a sense of touch

Eka Robotics has completed a $150 million Series A funding round at a $14.5 billion valuation, led by Andreessen Horowitz and Fidelity's F-Prime. Its vision-force-action model uses force sensors in custom grippers to sense grip strength, allowing it to adjust its hold mid-grasp when an object slips. The robot can pick up about 1,500 objects per hour that are outside its training data, compared with a human baseline of about 600. The gripper costs less than $1,000 and is currently rated for 5 million work cycles; the company aims to raise that to 20 million, the standard for industrial robotic arms.

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