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STARTUPS · 1 SOURCE · TechCrunch AI

Nous Research raises $90M Series B at $1.5B valuation and launches Hermes for Businesses

The Wall Street Journal reported that Nous Research raised a $90 million Series B led by Robot Ventures at a $1.5 billion valuation, bringing the three‑year‑old startup’s total funding to $158 million with participation from investors including Nvidia, Union Square Ventures, Menlo Ventures, Samsung and 1789 Capital. The company said it will commercialize its open‑source Hermes agent with a new offering, "Hermes for Businesses," to let companies deploy customized multi‑step AI agents while keeping data private; Nous estimates Hermes has been cloned over 24 million times and the WSJ reported roughly $36 million in annualized revenue by mid‑September 2026 with a projected >$100 million by year‑end 2026.

8.0

MODELS · 3 SOURCES · Mistral AI · The Decoder · TechCrunch AI

Mistral launches public preview of Mistral Large 4 (ML4), a 1T-parameter open-weight multimodal model

Mistral has opened a public preview of Mistral Large 4 (ML4), a natively multimodal model with 1 trillion parameters and 49 billion active parameters; the preview API is available now and Mistral plans to publish the model weights by the end of the month. ML4 was trained on 3,800 NVIDIA Grace Blackwell GPUs in Mistral’s European datacenters, targets enterprise and cybersecurity workflows, and Mistral says it matches or exceeds other open-weight models on several benchmarks while enabling self-deployment and an EU-operated region.

9.0

MODELS · 1 SOURCE · The Decoder

South Korea proposes 4.7 trillion won ($3.49B) fund to build a homegrown frontier AI model

The South Korean government is proposing 4.7 trillion won (~$3.49 billion) in government-backed equity investments to develop a homegrown frontier AI model, included in the draft 2027 budget and subject to parliamentary approval. The plan creates an open competition (not guaranteeing extra funds for the current finalists LG AI Research, SK Telecom, and Upstage) and a second funding track to encourage adoption of Korean-built models across the economy; it comes amid larger private-sector deals with OpenAI and a major chip-production push.

8.0

COMPANIES · 1 SOURCE · Ars Technica

Micron, Samsung say HBM/DRAM shortage likely to continue through 2028

Micron CEO Sanjay Mehrotra told investors that demand for the company's HBM and server DRAM will exceed available supply for the next several years, with about 75% of Micron's 2027 memory already spoken for and new clean rooms only coming online in 2028. Samsung EVP Kim Taewoo likewise warned HBM wafer share will rise to about 30% in 2027, tightening DRAM capacity for consumer devices and pushing prioritization toward AI and data-center memory.

8.0