Brought to you by:
Top stories today:
- OpenAI “on track” to unveil first device in H2 2026, exec says
- Anthropic said to raise $25B+ as Sequoia joins GIC, Coatue-led round
- ElevenLabs said to seek new funding at $11B valuation
- OpenAI compute +9x to ~1.9 GW as annualized revenue +10x to $20B+
- Elon seeks $79B-$134B damages from OpenAI, Microsoft
- ChatGPT ads to match conversation topics
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. OpenAI “on track” to unveil first device in H2 2026, exec says
OpenAI chief global affairs officer Chris Lehane shared the timeline on Mon.
Lehane said “devices” are a major focus for OpenAI in 2026.
OpenAI is prototyping small, screenless devices, recent reports suggested.
“I will say we’ve been working with them,” Qualcomm CEO Cristiano Amon said, referring to OpenAI.
2. Anthropic said to raise $25B+ as Sequoia joins GIC, Coatue-led round with $1.5B each
Microsoft and NVIDIA have reportedly committed up to $15B into Anthropic, with VCs adding ~$10B more.
Sequoia is already an investor in OpenAI and Elon’s xAI.
VC firms rarely back rival startups in the same field.
We provide human cryopreservation, using extremely low temperatures to stop biological processes in the body. Patients are cryopreserved in the expectation that future technology may be able to revive them and treat their underlying cause of death.
We’ve improved all aspects of human cryopreservation, including patient storage, by building a secure long-term facility in Switzerland where patients are stored indefinitely until revival may one day be possible.
Membership includes cost savings on cryopreservation costs and access to our community and resources. Use code BAY10 for 10% off when you’re ready. Start by learning how cryopreservation actually works on our site.
*Bay Area Times partner.
4. ElevenLabs said to seek new funding at $11B valuation
