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Headlines · 11
- Serval raises $150M Series C at $3B valuation
Serval raised $150 million in a Series C round led by Sequoia, valuing the enterprise automation company at $3 billion, up from $1 billion in December 2025. Its Catalyst AI agents automate work such as employee access management and troubleshooting. Serval says customers also use the product in HR, finance, security and legal teams, and the company plans to hire more than 500 people over the next 12 months.
The Next Web · 🔥 0 - Waymo for Business Integrates Robotaxi Receipts with Ramp
Waymo for Business now integrates with Ramp to send robotaxi receipts directly to the corporate card and expense platform. Waymo says Ramp automatically matches each receipt with the corresponding card charge, eliminating the need for employees to locate, upload and attach receipts manually; companies using Ramp can request that Waymo enable the integration.
The Next Web · 🔥 0 - Apollo finds AI financial gains concentrated in Big Tech
Apollo Global Management’s analysis found that inflation-adjusted revenue per worker and profit margins rose for the Magnificent Seven, while the other 493 S&P 500 companies remained flat. Apollo chief economist Torsten Slok also reported no evidence of AI-driven productivity growth outside tech and said mainstream companies were increasingly treating token spending as a cost. Goldman Sachs economist Jan Hatzius countered that AI investment may ultimately produce higher productivity and economy-wide profits.
Tom’s Hardware · 🔥 0 - Runway Co-CEO Anastasis Germanidis to Join State of AI 2026 NYC Meetup
Air Street Press announced that Runway co-founder and co-CEO Anastasis Germanidis will join its State of AI 2026 launch meetup in New York on October 27. Planned discussions include the path from video generation to world modeling, the relationship between vision, language, action and embodied AI, and a fireside conversation with Ramp Lead Economist Ara Kharazian on AI adoption and model spending.
Air Street Press · 🔥 0 - a16z names first 50 fellows in its Ops Engineering Fellowship
Andreessen Horowitz (a16z) announced the inaugural cohort of its Ops Engineering Fellowship, an eight-week program for leaders it says are transforming their organizations with AI. The firm said it received thousands of applications from around the world before selecting 50 fellows, drawn from companies including Ramp, Decagon, Luma AI, Opendoor and ElevenLabs. According to a16z, many fellows work at the intersection of operations and engineering, building internal tools, designing data and context layers for agents, and deploying agentic workflows with human checkpoints.
a16z News · 🔥 0 - Fragment raises $12M to keep AI agents from misdirecting company payments
New York startup Fragment, founded by CEO Thomas Neckel and CTO and former Robinhood engineer Varun Mohan, announced a $12 million funding round co-led by FirstMark and BoxGroup, following an earlier $11 million seed round led by Stripe with BoxGroup and several tech executives participating. The company did not disclose its latest valuation. Fragment says its product lets developers embed its tool in their own software and uses double-entry bookkeeping to confirm transactions balance before money actually moves, keeping a shared record of where funds came from and went. Neckel describes Fragment as supplying "financial primitives" for AI agents to automate business workflows, and the company says it has around 50 to 60 paying customers, including corporate card startup Ramp, financial software firm BILL and digital marketplace Whop.
科技新报 · 🔥 0 - Tomasz Tunguz: Anthropic looks like a cloud, and should be valued like one
In a blog post, venture investor Tomasz Tunguz argues that Anthropic should be assessed as a cloud business rather than only an AI model company, comparing its Q2 2026 revenue of $12 billion with AWS at $42 billion, Azure at $39 billion and Google Cloud at $25 billion. He cites 1,374% year-over-year growth, a $46 billion annual run rate and $518 billion in data-center commitments, while noting that two customers accounted for nearly 25% of 2025 revenue, per Reuters reporting from an unfiled prospectus. He also cites Ramp vendor data showing 87% of businesses buying a coding agent use Claude Code, and Artificial Analysis figures putting Claude Opus 5.5 at $5.98 per task versus $3.26 for GPT-6 Astra and $1.99 for Gemini 4 Argon.
Tomasz Tunguz · 🔥 0 - Nvidia releases 120B Nemotron 3.5 Super VL and two Bolt edge models
Nvidia released Nemotron 3.5 Super VL, an open-weight multimodal mixture-of-experts model with 120 billion total and 12 billion active parameters, aimed at always-on agents and combining reasoning, instruction following and tool use with text, image, document and video understanding. Weights are available on Hugging Face in BF16 and NVFP4, organizations can post-train it with Nvidia NeMo on their own data and workflows, and both vLLM and SGLang announced day-0 serving support. Nvidia also introduced the Nemotron 3.5 Bolt line: the 74B-A9B 24GB, a 74-billion-parameter, 9-billion-active model compressed with 2-bit quantization to fit 24GB of memory, is available now, while a roughly 4GB Bolt E4B is planned for October 23. Nvidia claims up to 5x the throughput of comparable open models on agentic tasks, an 80.8% CharXiv chart-reasoning score (84% with Python code execution), and that Dynamo can serve up to 8x as many concurrent users with 85% lower time to first token under specified conditions; these figures are vendor-reported and not independently verified.
vLLM Blog · 🔥 0 - As token prices fall, AI model vendors rewrite the pricing yardstick
An analysis republished by 36Kr (originally from 窄播AI) says that as per-million-token prices keep falling, model vendors are separately pricing speed, resource priority and budget certainty. It cites OpenAI's July moves — cutting GPT-5.6 Luna API input and output prices by 80% and mid-tier Terra by 20% — while selling a Fast Mode for GPT-5.6 Sol at twice the standard price for up to 2.5x the output speed, and an early-October update that raised GPT-6 Astra and GPT-6.1 Sol speeds by about 50%. OpenAI CFO Sarah Friar is cited proposing "Useful Intelligence per Dollar," arguing enterprises should count task completion, time spent, retries and human supervision rather than token list prices. The piece cites Ramp data showing effective price per million tokens for its US business sample fell from $1.15 to $0.68 (41%) between March and September 2026 while monthly token spending grew 20x from June 2025 to June 2026, and SemiAnalysis subscription-quota tests estimating that, assuming a 92% API gross margin and fully used quotas, exhausting Opus 5.5 quota implies roughly -369% subscription gross margin versus about 1% for Fable 5.1.
36氪 人工智能 · 🔥 0 - Modal raises $750M Series D at $15.75B valuation as run rate tops $1B
Modal, a cloud company that runs AI models and code for developers, announced a $750 million Series D at a $15.75 billion post-money valuation, led by Accel with Kleiner Perkins joining and existing investors including Menlo Ventures, General Catalyst, Redpoint, Lux Capital, Amplify Partners and Bain Capital Ventures participating. The company said it has crossed $1 billion in annualized run rate, with usage tripling in the five months since its Series C and growth of more than 15x year-over-year. Modal says it built its own file system, container runtime, scheduler and networking on capacity drawn from more than 20 cloud providers, and that its Sandboxes product, which lets AI agents run code in isolated environments, alone reaches a $300 million run rate with close to 3 billion sandboxes started since 2023.
Modal Blog · 🔥 0 - Melius raises $25M after pivoting from ad optimization to AI creative tools
Melius, an AI platform for generating advertising campaigns, images, and videos, announced $25 million in total funding, including a $20 million Series A led by CRV and a $5 million seed round led by General Catalyst. The startup says it abandoned its original performance-marketing product and rebuilt the company around tools for generating creative assets and campaigns.
TechCrunch AI · 🔥 0
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