Latest AI News

Nebius Group has secured a $17.4 billion multi-year partnership with Microsoft to expand AI cloud infrastructure. The deal centers on Nebius providing dedicated AI computing capacity from its new Vineland, New Jersey data center, which will begin operations later this year. Following a 625% revenue increase in Q2 2025, Nebius will finance this expansion through cash flow and secured debt. The partnership strengthens Nebius's position against competitors like AWS and CoreWeave, bringing the company closer to its 1 GW data center power target for 2026.

Databricks has surpassed $4 billion in revenue with 50% year-over-year growth, including $1 billion from AI products alone. The company serves 15,000 customers globally, with over 650 spending more than $1 million annually. After raising $1 billion in funding at a $100 billion valuation, Databricks plans to accelerate AI innovations including Agent Bricks and Lakebase. The company outperforms competitors like Snowflake while maintaining positive cash flow, positioning it as a leader in enterprise AI and data analytics across major cloud platforms.

ElevenLabs, a voice AI startup, has doubled its valuation to $6.6 billion in a $100 million secondary share sale led by Sequoia and ICONIQ, with participation from other investors including a16z. The tender offer allows employees to cash out some of their equity amid the company's rapid growth. ElevenLabs has surpassed $200 million in annual recurring revenue and aims to reach $300 million by the end of 2025. The company has quadrupled its headcount over the past year and achieved balance between enterprise and self-serve customers, with enterprise revenues growing over 200%. This move reflects a trend in the AI sector of providing employee liquidity as startups reach massive valuations.

Databricks surpassed a $4 billion revenue run-rate, growing 50% year-over-year, with AI products exceeding $1 billion. The company serves 15,000 customers globally, with 650+ spending over $1M annually. After raising $1 billion in Series K funding, Databricks reached a $100+ billion valuation and launched new AI capabilities including Agent Bricks and Lakebase.