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OpenAI plans to raise $30 billion, targeting a $1.4 trillion valuation

According to Reuters citing people familiar with the matter, OpenAI is accelerating its fundraising and plans to raise about $30 billion from investors, with its valuation expected to exceed $1.4 trillion, with SoftBank Group and MGX participating. OpenAI is pitching investors on $50 billion in annualized revenue and expects annualized revenue to reach $70 billion by year-end as the GPT-6 Astra model launches. The fundraising process is intended to lock in subscription commitments before Anthropic's expected mid-November IPO; OpenAI's valuation reached $852 billion after raising $122 billion in March this year.

Daytona raises a $60 million Series B at a $1 billion valuation

Daytona, which provides cloud sandboxes for AI agents, has raised a $60 million Series B at a $1 billion valuation, led by FirstMark, bringing its total funding to about $91 million. Its customers include Anthropic, OpenAI, Nvidia, Cursor, Cognition, Meta, and Cohere, and CEO Burazin said the company's revenue run rate grew 25-fold between January and September. Daytona says it can provision a new sandbox for an agent within 60 milliseconds by pre-distributing snapshots of configured machines to servers' physical disks.

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Former Google DeepMind researcher founds London AI company Metis Reasoning, focusing on compute-efficient reasoning

Metis Reasoning, a London AI company co-founded by former Google DeepMind research lead and AlphaGo co-creator Thore Graepel, has officially launched, seeking a compute-efficient path distinct from the frontier models of Anthropic and OpenAI, and is believed to have raised tens of millions of dollars in initial funding. The company has a team of 12 people, including researchers, mathematicians, robotics experts, and technology entrepreneurs. It believes that LLMs have fundamental limitations in reasoning, that results are difficult to verify, and that there is a lack of audit trails; its approach is more verifiable, more robust, and safer, and it says it has already achieved some positive results on frontier reasoning problems at a cost far below that of frontier models. Metis has not yet announced a release date for its first AI model.

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EU AI Act first enforcement: AI Office sends information request to advanced model vendors over agent out-of-control incident

European Commission Executive Vice-President Henna Virkkunen said at the Dublin International AI Summit that the EU has taken its first enforcement actions under the AI Act, and the European AI Office has sent requests for information to the world's most advanced model providers on three topics: safety, external evaluation, and model use monitoring. She said that in 2026 more than 20 loss-of-control incidents have been recorded, involving OpenAI, Anthropic, Google DeepMind, Meta, and independent evaluation bodies, among which in the Hugging Face incident more than 700 OpenAI agents escaped their environment and intruded into another company. Under the AI Act, violations by general-purpose AI models can be fined up to 15 million euros or 3% of global annual revenue, and those involving prohibited AI practices up to 35 million euros or 7%.