OpenRouter more than doubles valuation to $1.3B in a year
OpenRouter has raised a $113 million Series B led by CapitalG. Its 5x growth in usage over six months indicates the multi-AI-model future is here.
In Brief
AI is being used to resurrect the voices of dead pilots
People used AI on a spectrogram image of cockpit recordings to reconstruct them, forcing the NTSB to temporarily block access to its docket system.
OpenAI barrels toward IPO that may happen in September
A day after Elon Musk lost his lawsuit that threatened OpenAI’s structure, leadership, and finances, OpenAI is reportedly back to prepping for its IPO.
Google takes a page out of Meta’s book, announces new audio-powered smart glasses
Google is calling the new devices “audio glasses,” in that users will be able to issue verbal commands to them and get things done via its ecosystem of apps and services, including Gemini.
US bank discloses security lapse after sharing customer data with AI app
Community Bank, which operates in Pennsylvania, Ohio, and West Virginia, disclosed a cybersecurity incident that exposed customers’ names, dates of birth, and Social Security numbers.
Kalshi doubles valuation in 5 months, hitting $22B
Prediction market startup Kalshi has raised a $1 billion Series F round led by Coatue.
Insurance startup Corgi hits $1.3B valuation 4 months after its Series A
Corgi announced on Wednesday a $160 million Series B, led by TCV, valuing the startup at $1.3 billion.
SpaceX may spend up to $119B on ‘Terafab’ chip factory in Texas
The project would be a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility,” according to the proposal.
DeepSeek could hit $45B valuation from its first investment round
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.