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Anthropic • Anthropic

Anthropic files for IPO as 2025 revenue grows twelvefold to $4.6 billion: Anthropic has filed an IPO prospectus revealing its revenue grew twelvefold to $4.6 billion in 2025, while its operating loss widened to $8.06 billion. The company warned that its AI technology could pose existential risks to humanity. Backers are reportedly aiming for a valuation above $2 trillion.

Modal Labs • Modal Labs

Modal Labs reportedly nears $750 million round at $15.75 billion valuation: Inference provider Modal Labs is reportedly closing in on a $750 million funding round. The new financing is expected to value the AI infrastructure startup at $15.75 billion. This valuation would more than triple the company's valuation from four months prior.

Instinct • Series C

AI agent startup Instinct raises $1 billion at $10 billion valuation: AI agent startup Instinct has raised $1 billion in a Series C funding round. The investment values the company at $10 billion. Founder Noah Shinn stated that the funding will be used to expand the reach of Instinct and continue developing its personal AI technology.

World Labs • AMD

AMD to acquire AI startup World Labs for $8.2 billion in all-stock deal: Advanced Micro Devices Inc. has agreed to acquire World Labs, an artificial intelligence startup founded by Fei-Fei Li, for $8.2 billion in an all-stock deal. The transaction is expected to close by the end of the year. Following the acquisition, Li will join AMD as executive vice president and chief scientist.

Red Queen Bio • Red Queen Bio

OpenAI-backed biosecurity startup Red Queen Bio raises $36M: AI biosecurity startup Red Queen Bio has raised $36 million in funding. The company, which is backed by OpenAI, uses artificial intelligence to design antibody drugs against novel pathogens. Its technology aims to defend against threats including future AI-enabled bioweapons.

Vanguard International Semiconductor • NXP Semiconductors

NXP and Vanguard open Singapore chip fab with 2027 production target: NXP Semiconductors and TSMC affiliate Vanguard International Semiconductor have inaugurated their joint advanced chipmaking facility in Singapore. The partners are targeting mass production at the plant in early 2027. They are also already considering the development of a second facility.