Keep pulling the thread on SpaceX AI.
The recently released Grok 4.6 model from SpaceX AI has benchmark performance comparable to GPT-5.6 and Fable-5 at a fraction of the cost.
Cognition is in early discussions with investors for a new funding round at a targeted valuation of $40 billion.
Cognition's revenue run rate has doubled to $1 billion since its last funding round three months ago.
SpaceX acquired Cursor in a $60 billion all-stock deal.
Richard Wu predicts that a hyperscaler will acquire Cognition for $60 to $100 billion in stock within the next 6 to 12 months.
Lovable announced a $400 million Series C funding round at a $13.3 billion valuation.
CoreWeave's quarterly revenue doubled over the past year to $2.6 billion, while its quarterly cash burn also doubled to $5.7 billion.
CoreWeave reported a $104 billion backlog in demand for its compute services, which grew by $25 billion since the end of June.
Nebbius reported 454% year-over-year revenue growth, reaching $582 million.
Nebbius CEO Arkady Voloz stated the company could sell its entire 2027 compute capacity today due to enormous demand.
Nebbius's auctions for Blackwell compute cleared at prices 15% higher than the previous record for Hopper compute.
Tencent spent $7.8 billion on AI infrastructure in the past quarter.