Follow your favourite podcasts, listen offline and in the car with CarPlay and Android Auto, and always pick up where you left off. Free to try.
China's DeepSeek blew past its own fundraising target, with Tencent and CATL helping push the round to at least $12 billion ahead of a 2027 IPO.
DX Today AI Daily Brief - Tuesday, October 6, 2026
Chinese AI lab DeepSeek nears a funding round of at least $12 billion backed by Tencent and CATL, while OpenAI courts UAE funds including MGX, plus BlackRock, to anchor a $30 billion raise. Schneider Electric agrees to buy PTC for $22.6 billion in cash, the largest deal in its history, and Nvidia backed Reflection AI unveils Beam, a 501 billion parameter open weight model. Meta and Microsoft cut back internal use of Anthropic's Claude, AI chip startup Etched fields offers valuing it at up to $50 billion, and former Groq engineers challenge Nvidia's $20 billion Groq deal in Delaware. C.H. Robinson agrees to acquire RXO for $5.8 billion, Hadrian raises $40 million for AI offensive security, AM Intelligence orders 20,000 more Nvidia Rubin GPUs for India and Malaysia, Reactor adds Nvidia and Sapphire Ventures to its Series A, and Kyndryl and WPP expand their agentic AI partnership.
DX Today: your daily AI news briefing, delivered every morning.
