Private market news feed.

China's Moonshot AI has claimed its new Kimi K3 model is competitive with offerings from OpenAI and Anthropic, signaling intensifying global competition in frontier AI development.

Source: BBC

OpenRouter, which helps app developers access hundreds of AI models, has discussed a potential sale to a bigger tech company that could value the startup at billions of dollars, a steep premium to its $1.3 billion valuation

Source: TheInformation

Blue Origin has introduced a new equity clause designed to prevent employees from leaving for rivals like SpaceX, effectively locking in staff with retention-focused compensation terms.

Source: Benzinga

Databricks CEO discussed the company's strategy of hosting open-source models such as Kimi on its platform, noting that demand has been so strong the company is running out of GPUs.

Source: CNBC

Meta and Anthropic are in early discussions for a potential $10 billion deal in which Meta would lease computing power to Anthropic, according to multiple reports from the New York Times, Reuters, and CNBC.

Source: The New York Times

OpenEvidence, the fast-growing startup that helps doctors find medical information through an AI chatbot, has considered raising $200 million after receiving offers from investors at a valuation of around $20 billion

Source: TheInformation

Anduril's Brose told Bloomberg that the U.S. weapons sector has never been more energized, reflecting growing momentum and confidence in the defense technology industry.

Source: Bloomberg.com

Databricks, the Data and AI company, today announced strategic funding at a $188 billion valuation. The company has signed a term sheet for this round, which it expects to close later this summer, led by existing investor Coatue. The round will include additional new and existing investors. 

Source: Databricks

Innovaccer has launched a new solution aimed at the $100B infusion market, addressing the sector's reliance on manual workflows with AI-driven automation.

Source: Business Wire

Harvey has acquired Benchmark, a Y Combinator-backed asset management startup, marking its third acquisition in seven months and signaling the company's expanding strategic direction in legal AI.

Source: Harvey

Thinking Machines Lab has released Inkling, a 975B-parameter open-weights multimodal mixture-of-experts model with 41B active parameters, available under the Apache 2.0 license. The model emphasizes customizability and fine-tuning, positioning it as a leading U.S. open-weights AI offering available on platforms including Databricks.

Source: Databricks

Mira Murati's AI lab has released what is described as the largest US open-weight AI model, publishing it on Hugging Face, marking a significant milestone for open-weight model availability on the platform.

Source: Tech Times