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AI is now built with very large amounts of money: funding rounds for the labs, acquisitions and listings, and contracts for chips and cloud capacity. This page tracks the big ones since late 2025, newest first.
Every entry links its sources. Amounts are shown as reported, and a deal that only a news report describes is labelled “Reported, not confirmed”. No rankings and no investment advice.
How to read the numbers
Tap one to filter the list below.
Anthropic licenses Opaque's technology and brings on part of its team, in a deal described as an acqui-hire. Terms were not disclosed.
Bloomberg reported early talks to raise at least $30 billion as bridge financing instead of an IPO, at about $1.4 trillion excluding new money. Terms may change; OpenAI did not comment.
Mistral announced a EUR 3 billion Series D at more than EUR 21 billion post-money. Some outlets convert this to dollars at different rates, so we show the euro figures only.
A report originating with The Information says the Mira Murati-led lab is in talks for about $1 billion at a valuation of $40 billion or more. The round has not closed.
NVIDIA said it agreed to acquire Hugging Face and pledged the platform will stay open to all models, clouds and hardware. No closing date or approvals were stated.
Reuters, citing The Information, reported that Nvidia is discussing an investment at a valuation above $30 billion. Perplexity declined to comment.
The humanoid and quadruped robot maker began trading on 19 August at an offer price of 150.8 yuan per share. Shares rose several-fold on the first day.
SpaceX agreed on 16 June to buy the AI coding company Cursor for $60 billion in stock, exercising an option from April. The merger took effect on 14 August, per reports citing a SpaceX filing.
Bloomberg first reported a signed six-year deal for Anthropic to rent Nvidia Vera Rubin capacity at Nscale's West Virginia site, expected to start in late 2027. No company announcement.
Caixin, citing a regulatory filing by Anhui Korrun, reported DeepSeek's first outside funding at a post-money value above 350 billion yuan. DeepSeek has not commented in the article.
Securities Times reported that the humanoid-robot maker has started a Hong Kong IPO process. No listing application or date has been reported, and the valuation is unconfirmed.
Marvell will develop custom products for Google's TPU ecosystem, including inference accelerators, storage, network and memory-interface chips. Google's warrant vests with purchases, one tranche per $500 million.
Anthropic plans to deploy up to 2 GW of AMD Instinct MI450-series GPUs, the first 1 GW on Helios racks from the first half of 2027.
Agility signed a merger agreement on 24 June with planned ticker AGLT. The SEC declared the filing effective on 13 October, and a shareholder vote is set for 2 November 2026.
SpaceX priced its IPO on 11 June, described by Reuters as the largest US IPO ever, and began trading on 12 June at a valuation of about $1.77 trillion. Proceeds partly fund AI compute.
Qualcomm agreed to buy the AI software startup as part of its push into data-center and edge AI. No completion date was given.
Salesforce signed a definitive agreement to buy the AI customer-service company. Closing is expected in Salesforce's fiscal Q4 2027, subject to regulatory clearance.
Mid-June reports of a possible Qualcomm takeover were denied by Tenstorrent CEO Jim Keller, who said a deal is not on the table but left partnerships open.
A multi-generation agreement for Qualcomm to supply data-center CPUs for Meta's next server fleet. No value, specifications or timing were disclosed.
Meta leases a 168 MW AI-ready data center at Reliance's Jamnagar campus in Gujarat, its first in India, with an option to expand.
The Standard reported the round at a valuation above $20 billion was close to finishing. A later Bloomberg item says Moonshot was seeking a further round at $30 billion.
Anthropic announced a $65 billion round at a post-money valuation of $965 billion, above OpenAI's $852 billion. Individual investor amounts come from people familiar with the matter.
Cerebras priced its IPO on 13 May and began trading on 14 May. Per Crunchbase News, it opened at $350 and closed its first day at $311.07. The dollar total is 30 million shares times $185, before fees.
Bloomberg, citing anonymous sources, reported DeepMind would license Contextual AI's technology and hire more than 20 researchers, including CEO Douwe Kiela.
SpaceX's IPO filing says a customer, reported as Anthropic, pays that amount for compute on the Colossus clusters. Per TechCrunch the filing also lets either side end the agreement on 90 days' notice.
Bloomberg reported that Google will invest $10 billion in Anthropic, with up to $30 billion more if performance milestones are met. The figures come from outlets, not a company statement.
Bloomberg reported that Amazon will invest an additional $5 billion in Anthropic, with up to $20 billion more tied to milestones.
The startup founded by former DeepMind researcher David Silver launched with a $1.1 billion seed round at a $5.1 billion valuation (company figure), described as Europe's largest seed round.
The Information and TechCrunch reported the deal; neither company had confirmed it at the time of publication.
China's NDRC ordered the deal unwound on 27 April 2026 without giving a reason. Manus separated from Meta and says it resumed independent operations in late August or on 1 September.
Anthropic announced multiple gigawatts of next-generation TPU capacity, mostly in the US. Broadcom's filing puts it at about 3.5 GW from 2027, and Broadcom also agreed to build future Google TPUs.
OpenAI closed a $122 billion round at an $852 billion valuation. Of Amazon's $50 billion, $35 billion is reportedly contingent on an IPO or a technology milestone.
The Paris-based world-model startup raised a $1.03 billion seed round at a $3.5 billion valuation, described as Europe's largest.
Bloomberg reported talks to raise about $1 billion at more than $11 billion, roughly double the prior valuation. We found no report that it closed.
Nebius will supply Meta with $12 billion of dedicated AI capacity, including early Nvidia Vera Rubin systems. Meta may buy up to $15 billion more over five years.
Anthropic finalized a $30 billion round at a $380 billion valuation, with Sequoia, Lightspeed, Nvidia and Microsoft also taking part.
The humanoid-robot maker raised about $520 million at a valuation above $5.5 billion, roughly triple its Series A valuation.
SpaceX announced on 2 February that it had combined with xAI, which includes Grok and X. Valuations come from Bloomberg's sources, not a company filing.
A multi-year agreement for Meta to deploy up to 6 GW of AMD Instinct GPUs, starting with 1 GW in the second half of 2026. AMD issued Meta a performance-based warrant for up to 160 million AMD shares.
The FT and CNBC reported Nvidia planning to invest about $30 billion in an OpenAI funding round. The September 2025 letter of intent for up to $100 billion and 10 GW had not moved beyond that stage.
xAI announced an upsized $20 billion Series E, above a $15 billion target. A valuation was reported but not confirmed by xAI. SpaceX combined with xAI a month later (see the Acquisitions tab).
Bloomberg reported the robotics-AI developer raised nearly $1.4 billion at a valuation above $14 billion, roughly triple its valuation seven months earlier.
Bloomberg reported advanced talks to buy SambaNova stalled in January. In February SambaNova was raising a round in which Intel planned to invest. No acquisition took place.
OpenAI contracted about 750 MW of Cerebras compute, delivered through 2028. Both companies confirmed the deal; the dollar value was reported by CNBC.
Groq announced a non-exclusive technology license to NVIDIA, and founder Jonathan Ross and president Sunny Madra joined NVIDIA. Groq stays independent. This is a license-and-hire deal, not an acquisition.
The companies plan a joint venture for AI infrastructure in Saudi Arabia. Phase 1 starts in 2026 with AMD MI450 GPUs. The ownership split was not disclosed.
Anthropic committed to $30 billion of Azure compute on Nvidia Grace Blackwell and Vera Rubin systems. Nvidia and Microsoft will invest up to $10 billion and $5 billion in Anthropic.
OpenAI gets access to hundreds of thousands of Nvidia GB200 and GB300 GPUs on AWS. All planned capacity is due before the end of 2026, with room to expand in 2027 and beyond.
A new Stargate site in Saline Township, Michigan: over 1 GW across three buildings, developed by Related Digital and powered by DTE Energy, pending regulatory approval.
Anthropic plans to use up to 1 million Google TPUs, bringing well over 1 GW of capacity online in 2026, in an expansion Anthropic described as worth tens of billions of dollars.
The companies signed a term sheet to deploy 10 GW of OpenAI-designed accelerators and networking racks from the second half of 2026 to the end of 2029. OpenAI's page does not say whether a definitive agreement exists.
OpenAI will deploy 6 GW of AMD Instinct GPUs, starting with 1 GW of MI450 in the second half of 2026. The warrant vests with milestones and the AMD share price.
Pulled live from our news sources and filtered for funding, acquisition and listing stories.
How we make this: each entry is from a company release, a regulatory filing or a named news outlet we could read, and the card links what we used. We do not list every deal, only large or widely reported ones, and a missing deal does not mean it did not happen. Where outlets disagree on an amount or valuation, we show the one the company or filing gives, or say it is reported. Statuses change quickly: a deal marked “Announced” may since have closed, changed or been called off. Valuations and dollar totals for multi-year or milestone deals describe a ceiling, not cash paid. This is information, not investment advice. Found something wrong? Email 10xaiexponential@gmail.com.