OpenAI chases $30B before Anthropic's IPO 💰, Inception's Mercury 3 diffusion LLM ⚡, Nvidia's open agent models 🤖

OpenAI wants to raise about $30B before Anthropic's planned IPO in mid-November, and Inception says its new diffusion model beats several fast models on agentic benchmarks.

OpenAI races to raise money before Anthropic's IPO · reuters.com
Sources say OpenAI is aiming for about $30B in a round that may value it at $1.4T or more, ahead of Anthropic's planned mid-November IPO.

Inception debuts Mercury 3, a diffusion LLM · thedeepview.com
Inception says it tops GPT-6 Luna, Claude Haiku 5.5 and GLM-5.3 Flash on agentic benchmarks while running 4x to 8x faster.

Nvidia launches open models for running agents at work and on PCs · techcrunch.com
The models target companies that want to run their own open models in their data centers, plus private agents that run on your own device.

MiniMax releases M3.1 Flash · minimax.io
The new MiniMax model drew 464 points and nearly 200 comments on Hacker News.

Amazon's TorchNeuron takes aim at Nvidia · techcrunch.com
The new dev tool is meant to let developers run PyTorch apps on other chips, including Amazon's own.

Nscale and Anthropic are reportedly in talks on a $45B compute deal · techcrunch.com
It would add to the long string of giant compute deals Anthropic has signed over the past year.

The US sanctions Chinese VC firm MiraclePlus · bloomberg.com
The firm, founded by ex-Microsoft executive Lu Qi, is accused of ties to Zhisuan, which is accused of stealing Google's AI secrets.

DeepSeek is banned from US federal civilian agencies · reuters.com
Reuters reports that a new DHS order bars the Chinese AI company from federal civilian agency IT systems.

Hedge funds cut tech stocks at the fastest pace in a decade · bloomberg.com
Goldman Sachs' prime desk says the retreat is the fastest in at least ten years.

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