The company is reportedly in talks to raise another $750 million at a pre-money valuation of more than $40 billion. It last raised in November at $32 billion.
The Chinese AI lab came to prominence in early 2025 after launching a large language model that trained on a fraction of the compute power and at a fraction of the cost of the big U.S. models like those from OpenAI and Anthropic.
Musk texted OpenAI's president and co-founder saying that he and CEO Sam Altman "will be the most hated men in America" if OpenAI doesn't settle the suit.
The AI agent-tool startup founded by former Twitter CEO Parag Agrawal has raised $100 million, led by Sequoia, months after raising a previous $100 million.
After Anthropic refused to allow the DoD to use its AI for domestic mass surveillance and autonomous weapons, Google has signed a new contract with the department.