Ai

Nano-core Chip • Series C2

AI inference chip startup Nano-core Chip raises over RMB 1 billion in Series C2 round: Nano-core Chip raised more than RMB 1 billion in Series C2 funding, it announced October 28. JianTou Investment led the round; Hangzhou Capital, Kaitai Capital and other investors participated. Proceeds will fund product development and volume-production preparation.

&Truth • seed

AI verification startup &Truth launches with $70M seed round: &Truth launched with a $70 million seed round, Wired reported. It is among startups betting AI can make formal software verification practical and essential.

ADT • acquisition

OpenAI-backed Thrive Holdings buys ADT in $15.3B deal to add AI: OpenAI-backed Thrive Holdings is acquiring ADT in a $15.3 billion deal. The companies plan to bring AI to ADT's home security business.

OpenAI • OpenAI

OpenAI offers up to 90% discounts to win over Anthropic's customers: OpenAI is offering discounts of up to 90% to win over Anthropic customers, The Decoder reports. Rippling, Replit and DataCamp say switching cut their AI costs by up to 90%.