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Ramp closed a $1.85 billion round at a $60 billion valuation, led by Dragoneer. The fintech is doubling down on AI with token spend management tools and an AI workspace called Glass.

Stablecoin issuer Tether has joined a seed extension round for AI infrastructure startup AIsa, taking its total funding above $9 million.

NVIDIA has expanded its Nemotron family with three open models, headlined by the 120-billion-parameter Super VL built for always-on enterprise AI agents.

DeepSeek has released V4.1-Flash-1017, an updated open-weight model it says delivers faster task completion and shorter outputs than its predecessor.

The Simons Foundation has partnered with OpenAI and Anthropic on a $15 million initiative to help mathematicians evaluate AI-assisted research. OpenAI is contributing $5 million plus model access and compute; the Simons Foundation will manage the funding through an open call for proposals.

DeepSeek is finalizing a new funding round of at least RMB 80 billion, with Tencent and CATL among the largest committed investors. The total far exceeded its original RMB 50 billion target and lays the groundwork for an IPO in early 2027.

RapidCanvas has raised $29 million in Series B funding led by Vertex Ventures Southeast Asia & India, bringing its total funding to $52.5 million. The startup says its annual recurring revenue grew eightfold over the past six quarters as enterprises move AI projects from pilots into production.

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