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Monday, October 26, 2026i10X News · Section desk538 stories

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The latest Business news, analysed daily by the i10X newsroom.

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Rounds, valuations, acquisitions and partnerships · who with whom · latest 8 below, 16 in the table

  1. Acquisition

    OpenAI acquires Orchestra Bio

    Acquires Orchestra Bio

    openai.com (source, opens in a new tab)

  2. Funding

    Arena Intelligence raises $200M Series B at $3.1B valuation

    Series B · $200M at $3.1B valuation

    arena.ai (source, opens in a new tab)

  3. Partnership

    Accenture partnership on independent frontier-AI evaluation (≥$1B each over five years)

    With Accenture · Research

    anthropic.com (source, opens in a new tab)

  4. Funding

    Mistral raises €3B Series D at ~€21B valuation

    Series D · €3B at $24.4B valuation

    reuters.com (source, opens in a new tab)

  5. Acquisition

    NVIDIA to acquire Hugging Face for ~$12.9B

    To acquire Hugging Face · $12.9B

    Agreement to acquire Hugging Face for about $12.9B (incl. up to $1B retention equity); expected to close in H1 2027 subject to approvals.

    blogs.nvidia.com (source, opens in a new tab)

  6. Partnership

    NVIDIA guarantees up to $105B for OpenAI’s Ohio data-center campus

    With SB Energy, OpenAI · Compute · $105B

    Residual-value guarantee for OpenAI's 20-year lease of SB Energy's PORTS-Pike campus in Pike County, Ohio: 4.25 GW initially plus a 3.75 GW option, online from 2028. NVIDIA pays only on default; OpenAI must reimburse.

    investor.nvidia.com (source, opens in a new tab)

  7. Funding

    Moonshot AI raises $3.5B at $35B valuation*

    Round led by National AI Industry Investment Fund · $3.5B at $35B valuation

    Reported $3.5B at about $35B, led by China's state-backed National AI Industry Investment Fund (Bloomberg). Straits Times reported a higher ~$45B valuation; not confirmed by Moonshot.

    bloomberg.com (source, opens in a new tab)

  8. Partnership

    Microsoft commits multiple billions to Mistral’s European GPU capacity

    With Microsoft · Compute

    reuters.com (source, opens in a new tab)
Latest 16 rounds & deals as a table
DateEventTypeCounterparty / roundAmountValuationSource
Oct 20, 2026OpenAI acquires Orchestra Bio
Life-sciences acquisition announced on OpenAI's blog; terms not disclosed.		Acquisitionacquires Orchestra Bio——openai.com
Oct 8, 2026Arena Intelligence raises $200M Series B at $3.1B valuation
Arena (formerly LMArena) raises a $200M Series B at a $3.1B valuation, co-led by Lightspeed and Khosla; company says it has passed $100M annualised revenue and launches an Alignment Index.		FundingSeries B$200M$3.1Barena.ai
Sep 18, 2026Accenture partnership on independent frontier-AI evaluation (≥$1B each over five years)
Accenture embeds evaluators at Anthropic; both companies expect to invest at least $1B in evaluation capacity over five years.		Partnership · researchwith Accenture——anthropic.com
Sep 8, 2026Mistral raises €3B Series D at ~€21B valuation
Valuation ~€21B (≈$24.4B). Confirmed by Reuters and TechCrunch.		FundingSeries D€3B$24.4Breuters.com
Sep 3, 2026NVIDIA to acquire Hugging Face for ~$12.9B
Agreement to acquire Hugging Face for about $12.9B (incl. up to $1B retention equity); expected to close in H1 2027 subject to approvals.		Acquisitionto acquire Hugging Face$12.9B—blogs.nvidia.com
Aug 17, 2026NVIDIA guarantees up to $105B for OpenAI’s Ohio data-center campus
Residual-value guarantee for OpenAI's 20-year lease of SB Energy's PORTS-Pike campus in Pike County, Ohio: 4.25 GW initially plus a 3.75 GW option, online from 2028. NVIDIA pays only on default; OpenAI must reimburse.		Partnership · computewith SB Energy, OpenAI$105B—investor.nvidia.com
Jul 29, 2026Moonshot AI raises $3.5B at $35B valuation*
Reported $3.5B at about $35B, led by China's state-backed National AI Industry Investment Fund (Bloomberg). Straits Times reported a higher ~$45B valuation; not confirmed by Moonshot.		FundingRound led by National AI Industry Investment Fund$3.5B$35Bbloomberg.com
Jul 21, 2026Microsoft commits multiple billions to Mistral’s European GPU capacity
Microsoft will use Mistral Compute capacity in Europe and add Mistral models to Azure, Foundry and Copilot Studio; not a new equity investment (Reuters).		Partnership · computewith Microsoft——reuters.com
Jun 22, 2026Reflection AI signs ~$6.3B Colossus 2 compute deal with SpaceX
Reflection gets NVIDIA GB300 capacity at Colossus 2 and pays $150M per month from July 1, 2026 through 2029 (~$6.3B if run to term); terminable with 90 days' notice after three months (CNBC, Reuters, WSJ).		Partnership · computewith Reflection AI$6.3B—cnbc.com
Jun 16, 2026SpaceX to acquire Cursor maker Anysphere in $60B all-stock deal
All-stock merger announced June 16, 2026 and closed August 14, 2026 per SpaceX SEC filings; Anysphere shareholders received about 389.3M SpaceX Class A shares. Cursor joins SpaceXAI's coding push.		Acquisitionacquires Anysphere (Cursor)$60B—reuters.com
Jun 16, 2026DeepSeek closes first external round of over $7B
Per The Information via Reuters: >¥50B (~$7.4B) at a post-money valuation above $50B, with an unusual deal structure.		FundingFirst external round¥50B+$50Breuters.com
Jun 11, 2026OpenAI to acquire Ona for secure cloud execution of Codex agents
Ona's customer-controlled cloud environments let long-running Codex agents run inside an organisation's own cloud. Subject to regulatory approval.		Acquisitionto acquire Ona——openai.com
Jun 5, 2026Google to pay SpaceX $920M a month for Colossus compute (~$30B through 2029)
Per SpaceX's SEC filing: about 110,000 NVIDIA GPUs from October 2026 to June 2029, ramping through September at a reduced fee; either side may terminate after Dec 31, 2026 with 90 days' notice (CNBC, Bloomberg).		Partnership · computewith Google$30B—cnbc.com
May 28, 2026Anthropic raises $65B Series H at $965B valuation
Led by Altimeter, Dragoneer, Greenoaks and Sequoia; co-led by Capital Group, Coatue, D1, GIC, ICONIQ and XN. Includes $15B of previously committed hyperscaler investment, $5B of it from Amazon. Run-rate revenue had crossed $47B.		FundingSeries H$65B$965Breuters.com
May 7, 2026Moonshot AI raises $2B at $20B valuation in Meituan-led round
About $2B at a $20B valuation in a round led by Meituan's Long-Z Investments, with Tsinghua Capital, China Mobile and CPE Yuanfeng (Bloomberg, TechCrunch, SCMP).		FundingRound led by Meituan (Long-Z)$2B$20Bbloomberg.com
May 6, 2026xAI to provide Anthropic with Colossus 1 compute
SpaceXAI (xAI) agrees to provide Anthropic with access to its Colossus 1 cluster.		Partnership · computewith SpaceXAI——x.ai

Sources: company announcements & release notes, press reports. * not independently verified.

  • Anthropic Files S-1 for Nasdaq IPO Under Ticker ANT

    Anthropic Files S-1 for Nasdaq IPO Under Ticker ANT

    Anthropic has filed its S-1 with the SEC, paving the way for a Nasdaq listing under ticker ANT and becoming the first frontier AI lab to go public. The filing reveals $16.3 billion in first-half revenue offset by substantial infrastructure commitments and…

    By

    Christopher Ort

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