US prosecutors say former employee accused of planting eavesdropping devices in OpenAI executives' meeting rooms had Saudi government support
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Agents need secure sandboxes as much as they need GPUs. We're partnering with @perplexity_ai to bring SPACE to our Managed AI portfolio on Crusoe Cloud.
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AI chip startup Tenstorrent has completed a $1.5 billion funding round at a valuation of $6.2 billion, more than double its $2.6 billion valuation at the end of 2024. The round was led by Trace Capital and Innovation X, with participation from Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price. CEO Jim Keller said the company decided to remain independent and continue raising funds after demonstrating that its Galaxy servers can run DeepSeek models, and that the new capital will be used to expand chips for open-weight model inference and video generation.
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Amid AI-related financing and potential large-scale acquisitions, SoftBank Group's five-year credit default swap rate has risen to 432 basis points, the highest since early November 2022, while its share price has fallen about 50% from its June peak. SoftBank's total investment in OpenAI is about $64.6 billion, accounting for roughly 13% of OpenAI's shares as of early October 2026; to raise funds for the final stage of the investment, SoftBank issued $11.1 billion in high-yield bonds on September 24, 2026, with coupon rates on U.S. dollar bonds of different maturities at 8.625%, 9.25% and 9.75%, respectively.
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