February 20, 2026
OpenAI reportedly finalizing $100B deal at more than $850B valuation
OpenAI is reportedly nearing the closure of a monumental $100 billion deal, with backing from major players like Amazon, Nvidia, SoftBank, and Microsoft. This deal would value the AI powerhouse at an astounding $850 billion, underscoring the immense confidence and expectations investors have in OpenAI's future potential. The move highlights the escalating stakes and valuations in the AI sector, as companies vie for dominance in this transformative technology landscape.
New Funding Rounds
New Product Launches
Industry Moves
The AI ecosystem in India is seeing significant momentum with major investments and partnerships. General Catalyst has committed $5 billion to the region over five years, while Nvidia is deepening its involvement in India's AI startup scene. Additionally, G42 and Cerebras are deploying substantial compute resources in India, further boosting the country's AI capabilities.
Notable Takes
At the India AI Impact Summit, a moment of awkwardness between Sam Altman and Dario Amodei highlighted the competitive undercurrents in the AI sector. Meanwhile, discussions continue on the role of AI in replacing tasks rather than jobs, as articulated by startup CEOs at the Web Summit Qatar.