OpenAI closed a $110 billion Series C in February 2026 led by Amazon ($50B), SoftBank ($30B), and Nvidia ($30B)—the largest private tech fundraise in history. The round signals sustained investor confidence in frontier LLM capabilities and competitive pressure among cloud providers to secure AI equity.

SpaceX acquired xAI in an all-stock transaction on February 2, 2026, structuring it as a wholly owned subsidiary and announcing plans to expand the Colossus supercomputer to at least 1 million GPUs. The move consolidates AI compute capacity and integrates xAI's model development with SpaceX's infrastructure ambitions.

Anthropic committed $100 million in model usage credits to Project Glasswing, a software security initiative, with Claude Mythos Preview available to participants at $25/$125 per million input/output tokens. The program targets critical infrastructure security and positions Claude as a tool for large-scale code hardening.

Cursor released team admin and individual plan customization for Bugbot's PR review effort levels (May 11, 2026 changelog). Developers can now configure review depth, improving workflow flexibility for AI-assisted code review across different project stages.

Australian researchers deployed Prithvi, an open-source geospatial foundation model, on two in-orbit platforms—the first geospatial FM in space. Earth observation practitioners gain real-time satellite analysis capability with a publicly available model.