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Deal tracker
AI acquisitions
| Buyer · target | Announced | Value |
|---|---|---|
| Cloudflare · Deno team source | Oct 9 | Undisclosed |
| Nvidia · Hugging Face source | Sep 3 | $12.9B |
| AMD · World Labs source | Q3 | ~$8.2B stock |
| Stripe · OpenRouter source | Aug | ~$7.5B reported |
Crunchbase counts 11 North American startup acquisitions of $1B or more in Q3.
Capital & IPO watch
Where the money went in Q3
$92BNorth American startup funding
$61Bof it to AI companies
Down 35% from Q2, up 50% from a year earlier. Largest rounds: Databricks $5B, Crusoe $3.9B, Cognition $2B.
IPO watch: Anthropic is reported to be weighing a listing as early as November; OpenAI filed confidentially in June and is expected to list in 2027. Both reported, not confirmed.
Crunchbase News, Oct 7
Regulatory clock