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Startup That Helps Developers Pick AI Models Nears $1.3 Billion ValuationExclusive

Startup That Helps Developers Pick AI Models Nears $1.3 Billion Valuation

As more AI apps and agents shift to using multiple AI models, startups that help developers choose the right ones are gaining traction. In the latest example, OpenRouter, which helps AI app developers access hundreds of models from a single application programming interface, is in talks to raise $120 million in new funding led by one of Alphabet’s venture arms at a $1.3 billion valuation, including the investment, according to two people with direct knowledge of the fundraise.

Exclusive: Coder Raises $90 Million Led by KKR

A startup making software for developers to build and run code from local devices to the cloud raised $90 million in a Series C funding round led by private equity firm KKR.

Iran Threats to Attack Microsoft, Google, Oracle in Middle East

Iran has already damaged Microsoft and Amazon facilities in the region.

Sequoia Capital Names Former Leader Leone as Chairman 

Leone will begin making new investments again.

Nvidia Invests $2 Billion in Marvell

The investment is part of a partnership in which Marvell will supply chips that work with Nvidia technology.

OpenAI Says Latest Funding Round Raised $122 Billion at $830 Billion Valuation

The company is currently generating about $2 billion revenue per month

Microsoft Energy VP Departs

He joined Microsoft three years ago, coinciding with the start of an artificial intelligence boom requiring the company to seek unprecedented sources of energy for its facilities.

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Oracle Lays Off Thousands of Employees

Oracle has been operating less efficiently than peers, with its revenue per employee sat at $354,000 for its most recent fiscal year.

Anthropic’s Coding Agent Source Code Exposed in Leak

In a statement, an Anthropic spokesperson said the leak was “caused by human error, not a security breach” and that no sensitive customer data was exposed.

Activist Investor Calls on Snap to Make “Meaningful Changes”

Public shareholders have no voting rights in Snap, which means the activist has no way to exert any influence.

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Chinese AI Firm Zhipu’s 2025 Revenue Jumps 132%

The Beijing-based company is tapping into robust AI coding demand to sell its models to developers overseas.

Fashion Brand Firm to Buy Allbirds for $39 Million

The sale is an ignominous end to the once-trendy venture-backed shoe firm that went public in 2021 with a valuation as high as $4 billion.

Amazon’s Starlink Rival to Offer Wifi on 500 Delta Air Lines Planes

Delta is already a large Amazon Web Services customer and is open to other deals with Amazon in the future, such as adding Amazon entertainment content to seatback screens, an executive said.

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U.K. Launches Antitrust Probe of Microsoft’s Cloud and Software Bundling

Both Microsoft and Amazon also agreed to make it less onerous for U.K. customers to switch from one cloud provider to another.

Alibaba’s New Multimodal AI Model is Not Open-Source

The decision to offer Qwen3.5-Omni as a proprietary model signals a potential shift away from a strategy that centers on open-source models.

Microsoft Debuts New Copilot Upgrades Combining Anthropic, OpenAI Models

The upgrades come as Microsoft aims to convince more businesses to pay for Copilot.

Nasdaq Rule Change Would Speed Index Entry for SpaceX IPO

Nasdaq-listed companies will be able to join the index after 15 days of trading, down from three months currently.
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