The big AI story of the day, whoever it happens to
The big AI story of the day, whoever it happens to
Money
Meta priced a $25bn Class A stock offering tied to forward sale agreements and $12.5bn of mandatory convertible preferred stock on October 26, 2026, offerings it says support its continued investment in AI infrastructure and personal superintelligence. Nvidia, AMD and Broadcom indicated non-binding interest in buying up to $5bn of the Class A shares between them, and Nvidia says it will invest $3bn in Meta's equity offering; its forward-looking statements call this its 'proposed investment in Meta'.
Chandni Melwani
US · Oct 29, 2026
Money
The FAA is working to acquire an ownership stake in Air Space Intelligence, the startup behind its AI-supported SMART air traffic tool, according to an internal FAA document Politico reviewed. It's unclear whether any final deal is imminent, Politico said. On October 13, 23 House Democrats asked the GAO to audit the FAA's rollout of SMART and a related system.
Chandni Melwani · US · Oct 21, 2026
Money
Character Technologies, which runs Character.AI, filed for Chapter 11 in Delaware on October 12, 2026, and its petition puts Google at the top of its list of largest unsecured claims, at $4.1 million. Disney has agreed to open the bidding at $20 million plus transition services, for a non-exclusive perpetual licence of certain intellectual property and certain claims.
Chandni Melwani · US · Oct 18, 2026
Money
OpenRouter sits between developers and 400-plus models, so it already knows which ones get picked and what they cost. That ledger now belongs to a payments company.
Chandni Melwani · Aug 24, 2026
Money
Meta acquires AI agent startup Manus for $2B in fastest major tech deal closure (10 days). Inside the geopolitical complexity, competitive landscape, and why this signals the AI agent land grab has begun.
Chandni Melwani · Global · Dec 30, 2025
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The big AI story of the day, whoever it happens to
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