OpenAI is chasing about $30 billion at a valuation above $1.4 trillion, racing to close before Anthropic goes public in mid November.
DX Today AI Daily Brief - Tuesday, October 20, 2026
OpenAI is racing to raise about $30 billion at a valuation above $1.4 trillion before Anthropic's expected mid November IPO, while Anthropic weighs a second compute deal with Nscale worth about $45 billion. Tenstorrent closes a $1.5 billion Series E at a $6.2 billion valuation, Microsoft adds Guardian Agents to Project Perception to supervise enterprise AI agents, and Amazon releases TorchNeuron to run unmodified PyTorch code on Trainium chips. Nvidia backs four German startups as Germany signs an industrial AI pact, Cognizant and Google Cloud launch a Gemini Frontier Capability Group with more than 18,000 associates, and MiniMax ships M3.1 Flash with 70 percent lower agent costs. Inception releases its Mercury 3 diffusion model, Town becomes a unicorn with a $108 million Series B, Dream Labs raises a $90 million seed round for robot foundation models, and Boomi acquires Elementary Data to make enterprise data ready for AI.
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