Sources: Kalshi and Polymarket are each eyeing valuations of ~$20B in fundraising talks; Kalshi was valued at $11B in December and Polymarket at $9B in October
Wall Street Journal:
Sources: OpenAI's new fundraising round could value it at as much as $830B; it aims to raise up to $100B and complete the round by the end of Q1 at the earliest
Wall Street Journal :
San Francisco Compute, which provides a marketplace for AI computing capacity, raised a $40M Series A led by DCVC and Wing Venture Capital at a $300M valuation
Yuliya Chernova / Wall Street Journal :
Sources: China's Moonshot AI, developer of the Kimi models, is raising several hundred million dollars at a ~$4B valuation and is aiming for an IPO in H2 2026
Wall Street Journal :
Brookfield Asset Management is targeting $10B for its new AI infrastructure fund and has already raised $5B from its balance sheet, Nvidia, and other investors
Miriam Gottfried / Wall Street Journal :
Kuaishou reports Q3 revenue up 14% YoY to ~$5B and net profit up 37% YoY to ~$632M, above ~$588M est., driven by ad growth and its Kling AI video generator
Sherry Qin / Wall Street Journal :
AI music platform Suno raised $250M led by Menlo Ventures at a $2.45B valuation, up from ~$500M in 2024, and says its annual revenue has reached $200M
Katherine Sayre / Wall Street Journal :
SMIC reports Q3 revenue up 9.7% YoY to $2.38B, above $2.35B est., and net profit up 29% YoY to $191.8M, above $161.2M est., as analog chip demand rises
Sherry Qin / Wall Street Journal :
Stockholm-based driverless truck startup Einride says it will go public in H1 2026 via a SPAC, valuing the company at $1.8B, and reports ~$43.3M in 2024 revenue
Paul Berger / Wall Street Journal :
Palantir reports Q3 revenue up 63% YoY to $1.18B, vs. $1.09B est., US government revenue up 52% YoY to $486M, and projects Q4 revenue above est.; PLTR drops 5%+
So Why Is The Stock Crashing? Naomi Li Gan / Tech in Asia : Palantir posts $1.2b Q3 revenue on strong AI demand Danny Vena / Motley Fool : Palantir CEO Alex Karp Just Delivered Incredible News for Nvi...