Funding & Business

Google won the bankruptcy auction for Spirit Airlines’ internal business data with a $10 million bid, outrunning Mercor at $7.5 million. The 14 August filing sets out what is in the haul, what is carved out, and who pays to scrub it.

Higgsfield raised a $400M Series B at a $5.4B valuation, four times its January mark. Annualized revenue is $700M, which is a run rate, not booked revenue.

Wispr raised $280 million at a $2 billion valuation, close to three times its November mark, and previewed Canto, a speech model built for noisy rooms.

Anthropic told investors its annualized revenue run rate reached $65 billion at the end of July, up from $47 billion in May and $9 billion at the end of 2025. Here is what the figure rests on, and what the IPO filing would have to confirm.

Groq closed a $350 million Series A at a $3.5 billion valuation, roughly half what it carried last September. Here’s what the primary announcement says, and where the coverage disagrees.

Nvidia has guaranteed up to $105 billion of OpenAI data center leases in Ohio. The filing shows a residual value backstop on 4.25 gigawatts, not a loan, and OpenAI has agreed to indemnify Nvidia for anything it pays.

OpenAI CFO Sarah Friar told investors enterprise revenue has overtaken consumer at a $40bn annualised run rate, in a week that took the revenue chief and an eight-year veteran of the company.

Four rounds, no model companies. All of them selling the scaffolding agents need before an enterprise will run them.

Annualised run rate is one good month multiplied by twelve. That distinction matters most when growth is this fast.

An effect concentrated in one part of the workforce can be invisible in a national average and severe for the people inside it.

A $190B valuation is the price of a 2.6% slice extrapolated across everything that did not trade. Run-rate, preferences and compute commitments are all invisible in it.

Five business models with wildly different economics. Selling compute works, selling implementation works, and selling tokens is squeezed from both sides.